Commonwealth Equity Services LLC Sells 16,427 Shares of Alamos Gold Inc. (NYSE:AGI)

Commonwealth Equity Services LLC trimmed its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 21.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,417 shares of the basic materials company's stock after selling 16,427 shares during the period. Commonwealth Equity Services LLC's holdings in Alamos Gold were worth $1,133,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Blue Trust Inc. grew its stake in Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after buying an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Alamos Gold by 51.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 856 shares during the last quarter. R Squared Ltd bought a new position in shares of Alamos Gold during the fourth quarter worth approximately $61,000. Daiwa Securities Group Inc. acquired a new stake in Alamos Gold during the 4th quarter worth approximately $136,000. Finally, XTX Topco Ltd bought a new stake in Alamos Gold in the 3rd quarter valued at $207,000. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Price Performance

AGI stock traded down $2.33 during midday trading on Friday, reaching $24.54. The company had a trading volume of 6,645,005 shares, compared to its average volume of 2,486,354. Alamos Gold Inc. has a 1-year low of $14.31 and a 1-year high of $27.32. The stock has a 50 day moving average price of $23.76 and a 200-day moving average price of $20.95. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The company has a market capitalization of $10.32 billion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15.

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Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $375.80 million during the quarter, compared to analysts' expectations of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. Equities research analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's dividend payout ratio is presently 14.49%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Royal Bank of Canada increased their price objective on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday. StockNews.com lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Finally, National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $26.81.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.