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

Oxbow Advisors LLC increased its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 240.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,132 shares of the basic materials company’s stock after purchasing an additional 140,658 shares during the quarter. Oxbow Advisors LLC’s holdings in Alamos Gold were worth $8,847,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AGI. Atlantic Union Bankshares Corp purchased a new position in shares of Alamos Gold in the 4th quarter valued at about $25,000. Clearstead Advisors LLC increased its stake in shares of 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. Smartleaf Asset Management LLC raised its holdings in Alamos Gold by 44.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 222 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in Alamos Gold in the fourth quarter valued at approximately $44,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Alamos Gold by 69.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 581 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Price Performance

Shares of NYSE AGI opened at $31.58 on Friday. The stock’s 50-day simple moving average is $37.82 and its 200-day simple moving average is $41.71. The firm has a market capitalization of $13.24 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 0.43 and a beta of 0.55. Alamos Gold Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $55.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.61 and a current ratio of 2.01.

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

Alamos Gold Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on AGI shares. Weiss Ratings cut shares of Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Bank of America decreased their price objective on shares of Alamos Gold from $57.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, June 22nd. Wall Street Zen downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research note on Saturday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Alamos Gold has an average rating of “Buy” and an average target price of $53.00.

Alamos Gold Company Profile

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.