Alamos Gold Inc. (NYSE:AGI) Stock Holdings Lowered by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC lowered its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,196,225 shares of the basic materials company’s stock after selling 41,158 shares during the period. Alamos Gold makes up approximately 4.4% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 6th largest position. Goehring & Rozencwajg Associates LLC’s holdings in Alamos Gold were worth $21,604,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new stake in shares of Alamos Gold in the 2nd quarter worth $267,000. Cypress Wealth Services LLC bought a new stake in shares of Alamos Gold in the third quarter worth approximately $437,000. Foundation Resource Management Inc. grew its stake in shares of Alamos Gold by 3.0% in the third quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company’s stock worth $826,000 after acquiring an additional 1,190 shares during the period. Creative Planning raised its holdings in shares of Alamos Gold by 122.2% during the third quarter. Creative Planning now owns 27,476 shares of the basic materials company’s stock valued at $548,000 after purchasing an additional 15,113 shares during the last quarter. Finally, Generate Investment Management Ltd bought a new position in Alamos Gold during the third quarter valued at approximately $7,395,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AGI. StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $25.06.

Alamos Gold Stock Down 0.2 %

AGI opened at $22.21 on Friday. The firm’s 50 day simple moving average is $19.49 and its two-hundred day simple moving average is $19.25. The company has a market capitalization of $9.33 billion, a PE ratio of 37.01, a PEG ratio of 0.62 and a beta of 1.16. Alamos Gold Inc. has a 1-year low of $11.24 and a 1-year high of $22.62. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The company had revenue of $360.90 million during the quarter. As a group, equities analysts forecast that Alamos Gold Inc. will post 0.81 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Thursday, December 5th. Alamos Gold’s dividend payout ratio (DPR) is currently 16.67%.

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.