Hussman Strategic Advisors Inc. Cuts Stake in Alamos Gold Inc. (NYSE:AGI)

Hussman Strategic Advisors Inc. lowered its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 80.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,500 shares of the basic materials company’s stock after selling 102,000 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Alamos Gold were worth $470,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Creative Planning grew its stake in shares of Alamos Gold by 122.2% during the 3rd quarter. Creative Planning now owns 27,476 shares of the basic materials company’s stock worth $548,000 after purchasing an additional 15,113 shares during the period. Eastern Bank acquired a new position in shares of Alamos Gold during the 3rd quarter worth $111,000. International Assets Investment Management LLC acquired a new position in shares of Alamos Gold during the 3rd quarter worth $3,290,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in shares of Alamos Gold during the 3rd quarter worth $1,196,000. Finally, Legacy Capital Group California Inc. acquired a new stake in Alamos Gold in the 3rd quarter valued at about $211,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AGI shares. Royal Bank of Canada increased their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $26.06.

Alamos Gold Price Performance

Alamos Gold stock opened at $23.32 on Friday. Alamos Gold Inc. has a 12-month low of $11.34 and a 12-month high of $24.27. The stock has a market capitalization of $9.80 billion, a P/E ratio of 38.86, a P/E/G ratio of 0.39 and a beta of 1.16. The firm’s 50-day moving average is $20.15 and its two-hundred day moving average is $19.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The company had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $388.06 million. Equities analysts predict that Alamos Gold Inc. will post 0.8 earnings per share for the current year.

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.