Hussman Strategic Advisors Inc. Decreases Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Hussman Strategic Advisors Inc. decreased its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 60.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,200 shares of the basic materials company's stock after selling 15,300 shares during the period. Hussman Strategic Advisors Inc.'s holdings in Alamos Gold were worth $273,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new position in shares of Alamos Gold in the 1st quarter valued at about $41,000. SBI Securities Co. Ltd. boosted its position in Alamos Gold by 67.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock valued at $44,000 after purchasing an additional 660 shares during the last quarter. Cutler Capital Management LLC bought a new stake in shares of Alamos Gold in the 4th quarter valued at about $108,000. NBT Bank N A NY acquired a new stake in Alamos Gold in the 1st quarter valued at about $190,000. Finally, Continuum Advisory LLC grew its holdings in Alamos Gold by 808.9% during the first quarter. Continuum Advisory LLC now owns 8,235 shares of the basic materials company's stock worth $220,000 after purchasing an additional 7,329 shares during the period. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Royal Bank Of Canada upped their target price on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. CIBC reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Finally, Stifel Nicolaus initiated coverage on Alamos Gold in a research report on Wednesday, July 9th. They set a "buy" rating on the stock. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $30.38.

Alamos Gold Stock Up 3.4%

Shares of Alamos Gold stock traded up $0.84 during trading on Monday, reaching $25.73. 1,907,328 shares of the company traded hands, compared to its average volume of 3,453,391. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 0.94. The firm has a market capitalization of $10.81 billion, a PE ratio of 41.49, a P/E/G ratio of 0.55 and a beta of 0.54. The company has a 50 day moving average price of $26.24 and a 200-day moving average price of $24.87. Alamos Gold Inc. has a 1-year low of $15.74 and a 1-year high of $31.00.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.05). The company had revenue of $333.00 million during the quarter, compared to analysts' expectations of $324.98 million. Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. The business's revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share. As a group, equities research analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Thursday, June 12th. Alamos Gold's payout ratio is currently 16.13%.

Alamos Gold 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.