Alamos Gold Inc. (NYSE:AGI) Position Trimmed by Cypress Capital Management LLC WY

Cypress Capital Management LLC WY trimmed its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 119,478 shares of the basic materials company’s stock after selling 2,704 shares during the quarter. Alamos Gold accounts for 2.5% of Cypress Capital Management LLC WY’s portfolio, making the stock its 9th largest position. Cypress Capital Management LLC WY’s holdings in Alamos Gold were worth $2,203,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Blue Trust Inc. increased its position in Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake 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 in the last quarter. Hara Capital LLC acquired a new position in Alamos Gold in the third quarter worth approximately $47,000. R Squared Ltd acquired a new position in Alamos Gold in the fourth quarter worth approximately $61,000. Finally, Eastern Bank bought a new position in Alamos Gold during the third quarter valued at approximately $111,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. StockNews.com lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group increased their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $25.06.

Alamos Gold Price Performance

NYSE AGI opened at $21.19 on Friday. Alamos Gold Inc. has a 1 year low of $11.24 and a 1 year high of $21.45. The company has a fifty day simple moving average of $19.12 and a 200 day simple moving average of $19.08. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The company has a market cap of $8.91 billion, a P/E ratio of 35.32, a P/E/G ratio of 0.59 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The firm had revenue of $360.90 million for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. On average, sell-side analysts predict that Alamos Gold Inc. will post 0.81 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.47%. Alamos Gold’s dividend payout ratio (DPR) is presently 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.