Cypress Capital Management LLC WY Sells 2,704 Shares of Alamos Gold Inc. (NYSE:AGI)

Cypress Capital Management LLC WY trimmed its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 2.2% during the 4th quarter, HoldingsChannel reports. The fund owned 119,478 shares of the basic materials company’s stock after selling 2,704 shares during the quarter. Alamos Gold makes up approximately 2.5% of Cypress Capital Management LLC WY’s investment portfolio, making the stock its 9th biggest holding. Cypress Capital Management LLC WY’s holdings in Alamos Gold were worth $2,203,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in shares of Alamos Gold in the 2nd quarter worth approximately $267,000. B. Riley Wealth Advisors Inc. raised its stake in Alamos Gold by 11.8% during the second quarter. B. Riley Wealth Advisors Inc. now owns 127,364 shares of the basic materials company’s stock worth $1,997,000 after acquiring an additional 13,450 shares in the last quarter. Cypress Wealth Services LLC bought a new position in shares of Alamos Gold during the third quarter valued at $437,000. Foundation Resource Management Inc. boosted its stake in shares of Alamos Gold by 3.0% in the 3rd quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company’s stock valued at $826,000 after purchasing an additional 1,190 shares in the last quarter. Finally, Creative Planning grew its stake in Alamos Gold by 122.2% during the third quarter. Creative Planning now owns 27,476 shares of the basic materials company’s stock worth $548,000 after buying an additional 15,113 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Up 3.2 %

Shares of 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 firm’s 50-day moving average is $19.12 and its 200-day moving average is $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 firm has a market capitalization of $8.91 billion, a PE ratio of 35.32, a price-to-earnings-growth ratio of 0.59 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data 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 business had revenue of $360.90 million during the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. Equities analysts expect that Alamos Gold Inc. will post 0.81 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $0.025 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.47%. Alamos Gold’s dividend payout ratio is presently 16.67%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AGI shares. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. StockNews.com lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group raised their price objective 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. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Alamos Gold presently has a consensus rating of “Buy” and a consensus target price of $25.06.

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.