Guggenheim Capital LLC Has $4.56 Million Holdings in Alamos Gold Inc. (NYSE:AGI)

Guggenheim Capital LLC decreased its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 20.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AGI. Blue Trust Inc. boosted its stake in Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock valued at $46,000 after buying an additional 856 shares during the period. R Squared Ltd bought a new stake in shares of Alamos Gold in the 4th quarter valued at $61,000. Cutler Capital Management LLC acquired a new stake in Alamos Gold during the 4th quarter worth $108,000. Finally, Daiwa Securities Group Inc. bought a new position in Alamos Gold during the fourth quarter worth about $136,000. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

AGI opened at $29.58 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The business’s 50-day simple moving average is $25.24 and its 200 day simple moving average is $21.55. The firm has a market capitalization of $12.44 billion, a PE ratio of 42.87, a PEG ratio of 0.40 and a beta of 1.02. Alamos Gold Inc. has a 52-week low of $14.31 and a 52-week high of $31.00.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 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 during the quarter, compared to the consensus estimate of $388.06 million. As a group, sell-side analysts expect 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. Investors of record on Thursday, March 13th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold’s payout ratio is currently 14.49%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AGI. National Bank Financial upgraded Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Scotiabank reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Monday. Bank of America dropped their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. StockNews.com raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, 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 research note on Friday, April 4th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price 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.