Medici Capital LLC Makes New $748,000 Investment in Alamos Gold Inc. (NYSE:AGI)

Medici Capital LLC acquired a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 28,000 shares of the basic materials company's stock, valued at approximately $748,000. Alamos Gold comprises 0.9% of Medici Capital LLC's holdings, making the stock its 11th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its position in Alamos Gold by 59.0% in the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock valued at $142,936,000 after acquiring an additional 2,867,027 shares during the period. Vanguard Group Inc. increased its position in shares of Alamos Gold by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock valued at $295,105,000 after purchasing an additional 279,280 shares during the period. Daiwa Securities Group Inc. bought a new stake in Alamos Gold in the fourth quarter worth about $136,000. Deutsche Bank AG lifted its holdings in Alamos Gold by 5.3% in the 4th quarter. Deutsche Bank AG now owns 171,943 shares of the basic materials company's stock valued at $3,171,000 after acquiring an additional 8,681 shares during the last quarter. Finally, PKO Investment Management Joint Stock Co acquired a new stake in Alamos Gold during the fourth quarter valued at approximately $3,331,000. 64.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AGI has been the topic of a number of analyst reports. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Royal Bank Of Canada upped their price target on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Bank of America dropped their target price on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Scotiabank restated an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Alamos Gold has a consensus rating of "Moderate Buy" and a consensus price target of $30.38.

Alamos Gold Stock Performance

Shares of AGI traded down $0.24 during mid-day trading on Friday, hitting $26.46. The company's stock had a trading volume of 5,840,527 shares, compared to its average volume of 2,837,028. The stock's 50-day moving average is $26.97 and its two-hundred day moving average is $23.71. The firm has a market capitalization of $11.12 billion, a PE ratio of 42.67, a price-to-earnings-growth ratio of 0.64 and a beta of 0.55. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.94 and a current ratio of 1.49. Alamos Gold Inc. has a one year low of $15.35 and a one year high of $31.00.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). The company had revenue of $333.00 million during the quarter, compared to the consensus estimate of $324.98 million. Alamos Gold had a net margin of 18.36% and a return on equity of 9.83%. Alamos Gold's revenue for the quarter was up 20.0% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share. As a group, sell-side analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Thursday, June 12th. Alamos Gold's dividend payout ratio (DPR) is presently 16.13%.

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.