Oxbow Advisors LLC Sells 1,672 Shares of Alamos Gold Inc. (NYSE:AGI)

Oxbow Advisors LLC reduced its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,474 shares of the basic materials company’s stock after selling 1,672 shares during the quarter. Oxbow Advisors LLC’s holdings in Alamos Gold were worth $1,078,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AGI. Blue Trust Inc. grew its stake in shares of Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after buying 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% during the fourth 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 during the last quarter. Hara Capital LLC purchased a new stake in shares of Alamos Gold during the third quarter worth about $47,000. R Squared Ltd purchased a new stake in shares of Alamos Gold during the fourth quarter worth about $61,000. Finally, Eastern Bank purchased a new stake in shares of Alamos Gold during the third quarter worth about $111,000. 64.33% of the stock is owned by institutional investors.

Alamos Gold Stock Performance

Alamos Gold stock opened at $22.71 on Friday. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 1-year low of $11.34 and a 1-year high of $24.27. The firm has a 50-day moving average of $20.15 and a 200-day moving average of $19.65. The firm has a market cap of $9.55 billion, a P/E ratio of 32.91, a P/E/G ratio of 0.39 and a beta of 1.16.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.38%. The business had revenue of $375.80 million during the quarter, compared to analyst estimates of $388.06 million. Sell-side analysts expect that Alamos Gold Inc. will post 1.31 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AGI. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Royal Bank of Canada increased their target price on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $26.06.

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.