Oak Ridge Investments LLC Sells 9,752 Shares of Alamos Gold Inc. (NYSE:AGI)

Oak Ridge Investments LLC lowered its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 13.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,317 shares of the basic materials company’s stock after selling 9,752 shares during the quarter. Oak Ridge Investments LLC’s holdings in Alamos Gold were worth $1,112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in 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 worth $46,000 after purchasing an additional 856 shares during the last quarter. Hara Capital LLC acquired a new stake in shares of Alamos Gold in the third quarter worth $47,000. Employees Retirement System of Texas bought a new stake in shares of Alamos Gold during the 2nd quarter worth $88,000. Eastern Bank acquired a new position in Alamos Gold in the 3rd quarter valued at $111,000. Finally, Plato Investment Management Ltd bought a new position in Alamos Gold in the 3rd quarter worth $147,000. 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 issued reports on the stock. StockNews.com cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Jefferies Financial Group raised their target price on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Alamos Gold has an average rating of “Buy” and a consensus price target of $25.06.

Alamos Gold Trading Up 0.4 %

Alamos Gold stock opened at $19.54 on Friday. The business has a 50 day moving average price of $18.79 and a two-hundred day moving average price of $18.90. 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 Inc. has a 12 month low of $11.24 and a 12 month high of $21.45. The stock has a market cap of $8.21 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 0.59 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The firm had revenue of $360.90 million during the quarter. As a group, equities analysts forecast that Alamos Gold Inc. will post 0.82 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.51%. Alamos Gold’s payout ratio is currently 16.67%.

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.