OneDigital Investment Advisors LLC Trims Stock Position in Alamos Gold Inc. (NYSE:AGI)

OneDigital Investment Advisors LLC cut its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 15.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,956 shares of the basic materials company's stock after selling 32,096 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Alamos Gold were worth $3,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Veracity Capital LLC raised its position in shares of Alamos Gold by 3.2% in the fourth quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company's stock worth $416,000 after buying an additional 694 shares in the last quarter. NewEdge Advisors LLC increased its stake in Alamos Gold by 1.2% in the 4th quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company's stock worth $1,342,000 after acquiring an additional 854 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock valued at $46,000 after acquiring an additional 856 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of Alamos Gold by 4.8% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company's stock valued at $400,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after purchasing an additional 1,157 shares in the last quarter. 64.33% of the stock is owned by institutional investors.

Alamos Gold Stock Performance

NYSE:AGI opened at $28.82 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a twelve month low of $14.31 and a twelve month high of $31.00. The stock has a market cap of $12.12 billion, a P/E ratio of 41.77, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. The firm's fifty day simple moving average is $25.49 and its 200 day simple moving average is $21.69.

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

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.35%. Alamos Gold's dividend payout ratio is presently 14.49%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AGI. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. StockNews.com upgraded shares of Alamos Gold from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Bank of America dropped their price target on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada increased their price objective on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Alamos Gold has a consensus rating of "Buy" and a consensus target price of $30.38.

About Alamos Gold

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.

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