Fruth Investment Management Lowers Holdings in Alamos Gold Inc (AGI)

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Fruth Investment Management decreased its stake in Alamos Gold Inc (NYSE:AGI) (TSE:AGI) by 15.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 50,000 shares of the basic materials company’s stock after selling 8,862 shares during the period. Fruth Investment Management’s holdings in Alamos Gold were worth $254,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Insight Wealth Strategies LLC bought a new stake in Alamos Gold in the fourth quarter worth about $45,000. SNS Financial Group LLC bought a new stake in Alamos Gold in the fourth quarter worth about $47,000. Neuberger Berman Group LLC bought a new stake in Alamos Gold in the third quarter worth about $57,000. Squarepoint Ops LLC bought a new stake in Alamos Gold in the fourth quarter worth about $57,000. Finally, Bbva Compass Bancshares Inc. raised its position in Alamos Gold by 79.7% in the fourth quarter. Bbva Compass Bancshares Inc. now owns 38,786 shares of the basic materials company’s stock worth $139,000 after acquiring an additional 17,205 shares during the period. 59.83% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold stock opened at $4.72 on Wednesday. The company has a market cap of $1.91 billion, a P/E ratio of 94.40 and a beta of 0.25. Alamos Gold Inc has a 1-year low of $2.90 and a 1-year high of $6.13.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, February 20th. The basic materials company reported $0.01 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.01. The business had revenue of $163.10 million for the quarter, compared to analyst estimates of $163.25 million. Alamos Gold had a negative net margin of 11.14% and a positive return on equity of 0.74%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts forecast that Alamos Gold Inc will post 0.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Thursday, March 14th. Alamos Gold’s dividend payout ratio (DPR) is presently 80.00%.

Several analysts have recently issued reports on AGI shares. Zacks Investment Research raised shares of Alamos Gold from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Raymond James reissued a “buy” rating on shares of Alamos Gold in a research report on Wednesday, January 16th. CIBC reissued an “average” rating and issued a $8.25 price target on shares of Alamos Gold in a research report on Monday, January 21st. Royal Bank of Canada lowered their price target on shares of Alamos Gold from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Wednesday, January 23rd. Finally, ValuEngine raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.62.

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About Alamos Gold

Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.

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Want to see what other hedge funds are holding AGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alamos Gold Inc (NYSE:AGI) (TSE:AGI).

Institutional Ownership by Quarter for Alamos Gold (NYSE:AGI)

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