Guggenheim Capital LLC Lowers Position in Alamos Gold Inc. (NYSE:AGI)

Guggenheim Capital LLC lowered its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 20.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,357 shares of the basic materials company's stock after selling 62,109 shares during the quarter. Guggenheim Capital LLC owned 0.06% of Alamos Gold worth $4,561,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AGI. XTX Topco Ltd acquired a new stake in shares of Alamos Gold in the third quarter worth about $207,000. Barclays PLC lifted its position in shares of Alamos Gold by 46.6% during the 3rd quarter. Barclays PLC now owns 322,402 shares of the basic materials company's stock worth $6,428,000 after purchasing an additional 102,525 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Alamos Gold by 11.1% during the 3rd quarter. Geode Capital Management LLC now owns 299,612 shares of the basic materials company's stock worth $6,224,000 after purchasing an additional 29,933 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Alamos Gold during the 3rd quarter worth about $724,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Alamos Gold during the third quarter valued at about $413,000. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Price Performance

AGI stock traded up $0.21 during trading on Thursday, reaching $28.07. 753,557 shares of the company were exchanged, compared to its average volume of 2,551,887. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. Alamos Gold Inc. has a twelve month low of $14.31 and a twelve month high of $31.00. The company has a 50-day moving average of $25.60 and a two-hundred day moving average of $21.73. The company has a market capitalization of $11.81 billion, a price-to-earnings ratio of 40.64, a P/E/G ratio of 0.40 and a beta of 1.02.

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 analysts' consensus estimates of $0.24 by $0.01. The business had revenue of $375.80 million during the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. As a group, equities analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders 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 0.36%. The ex-dividend date was Thursday, March 13th. Alamos Gold's payout ratio is currently 14.49%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AGI shares. Royal Bank of Canada lifted their price target on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Bank of America decreased their target price on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. StockNews.com upgraded Alamos Gold from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. One equities research 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. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target 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.