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

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

Other hedge funds have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. raised its position in Alamos Gold by 5.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 78,013 shares of the basic materials company's stock valued at $1,424,000 after purchasing an additional 4,026 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Alamos Gold by 296.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock valued at $136,011,000 after purchasing an additional 5,516,186 shares during the last quarter. Epoch Investment Partners Inc. raised its holdings in Alamos Gold by 13.4% during the 4th quarter. Epoch Investment Partners Inc. now owns 206,983 shares of the basic materials company's stock valued at $3,817,000 after buying an additional 24,503 shares during the period. Canada Pension Plan Investment Board lifted its position in Alamos Gold by 41.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,306,764 shares of the basic materials company's stock worth $24,078,000 after buying an additional 385,576 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in Alamos Gold by 325.2% during the fourth quarter. Marshall Wace LLP now owns 97,229 shares of the basic materials company's stock worth $1,793,000 after buying an additional 74,362 shares during the period. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Stock Down 0.0 %

Shares of AGI stock traded down $0.01 on Monday, hitting $27.95. The stock had a trading volume of 1,115,007 shares, compared to its average volume of 2,538,483. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The company has a market cap of $11.75 billion, a PE ratio of 40.47, a P/E/G ratio of 0.40 and a beta of 1.02. The business has a 50 day moving average price of $25.83 and a 200 day moving average price of $21.89. Alamos Gold Inc. has a one year low of $14.64 and a one year high of $31.00.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its 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 return on equity of 10.05% and a net margin of 21.11%. The company had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. Research analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 0.36%. The ex-dividend date was Thursday, March 13th. Alamos Gold's dividend payout ratio is presently 14.49%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AGI shares. StockNews.com upgraded shares of Alamos Gold from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Royal Bank of Canada lifted their target price on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Finally, Bank of America lowered their target price on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Alamos Gold has an average rating of "Buy" and an average price target of $30.38.

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.