OneDigital Investment Advisors LLC Lowers Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

OneDigital Investment Advisors LLC lowered its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 202,052 shares of the basic materials company’s stock after selling 675 shares during the period. OneDigital Investment Advisors LLC’s holdings in Alamos Gold were worth $4,029,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Hara Capital LLC acquired a new stake in Alamos Gold in the third quarter valued at about $47,000. Baldwin Brothers LLC MA acquired a new stake in shares of Alamos Gold during the 2nd quarter valued at approximately $47,000. Daiwa Securities Group Inc. acquired a new stake in shares of Alamos Gold during the 2nd quarter valued at approximately $48,000. Eastern Bank acquired a new stake in shares of Alamos Gold during the 3rd quarter valued at approximately $111,000. Finally, Employees Retirement System of Texas acquired a new stake in shares of Alamos Gold during the 2nd quarter valued at approximately $88,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 4th. National Bank Financial downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. Scotiabank lifted their price objective on Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada lifted their price objective on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Alamos Gold has a consensus rating of “Moderate Buy” and a consensus price target of $25.06.

Alamos Gold Trading Down 1.1 %

Shares of Alamos Gold stock opened at $17.54 on Friday. Alamos Gold Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $21.45. The firm has a market cap of $7.37 billion, a PE ratio of 29.23, a P/E/G ratio of 0.80 and a beta of 1.19. The business’s fifty day moving average is $19.91 and its two-hundred day moving average is $17.95. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The business had revenue of $360.90 million for the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. Analysts anticipate that Alamos Gold Inc. will post 0.77 earnings per share for the current year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.57%. Alamos Gold’s payout ratio is 16.67%.

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.