Alamos Gold Inc. $AGI Shares Bought by Oxbow Advisors LLC

Oxbow Advisors LLC grew its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 240.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 199,132 shares of the basic materials company’s stock after buying an additional 140,658 shares during the quarter. Oxbow Advisors LLC’s holdings in Alamos Gold were worth $8,847,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in AGI. Smartleaf Asset Management LLC boosted its position in shares of Alamos Gold by 44.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 222 shares during the period. O Shaughnessy Asset Management LLC increased its position in Alamos Gold by 2.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,760 shares of the basic materials company’s stock worth $454,000 after buying an additional 229 shares during the period. Clearstead Advisors LLC increased its position in Alamos Gold by 62.7% during the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after buying an additional 251 shares during the period. Sheets Smith Wealth Management lifted its stake in Alamos Gold by 1.3% in the fourth quarter. Sheets Smith Wealth Management now owns 20,098 shares of the basic materials company’s stock valued at $775,000 after buying an additional 258 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in Alamos Gold by 3.2% in the third quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company’s stock valued at $340,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Down 0.0%

AGI opened at $31.58 on Friday. The business has a 50 day moving average price of $37.82 and a two-hundred day moving average price of $41.71. The company has a quick ratio of 1.61, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. The company has a market cap of $13.24 billion, a PE ratio of 12.58, a P/E/G ratio of 0.43 and a beta of 0.55. Alamos Gold Inc. has a 52 week low of $23.92 and a 52 week high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The company had revenue of $596.70 million for the quarter, compared to the consensus estimate of $612.35 million. The company’s revenue was up 79.2% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. As a group, research analysts anticipate that Alamos Gold Inc. will post 2.35 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. Alamos Gold’s dividend payout ratio (DPR) is currently 6.37%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AGI shares. Wall Street Zen lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Weiss Ratings downgraded shares of Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Bank of America decreased their price target on shares of Alamos Gold from $57.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, June 22nd. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research report on Saturday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $53.00.

About Alamos Gold

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.