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

Medici Capital LLC acquired a new stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,000 shares of the basic materials company's stock, valued at approximately $748,000. Alamos Gold comprises approximately 0.9% of Medici Capital LLC's holdings, making the stock its 11th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cutler Capital Management LLC acquired a new stake in shares of Alamos Gold during the fourth quarter worth $108,000. NBT Bank N A NY acquired a new stake in Alamos Gold in the 1st quarter valued at approximately $190,000. Daiwa Securities Group Inc. bought a new stake in shares of Alamos Gold during the fourth quarter valued at about $136,000. Vanguard Capital Wealth Advisors acquired a new stake in shares of Alamos Gold in the 1st quarter worth approximately $221,000. Finally, Columbia Asset Management acquired a new stake in Alamos Gold in the first quarter worth approximately $233,000. Institutional investors and hedge funds own 64.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AGI shares. Royal Bank of Canada increased their price target on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Bank of America decreased their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Alamos Gold presently has an average rating of "Moderate Buy" and a consensus target price of $30.38.

Alamos Gold Trading Down 2.5%

Shares of NYSE:AGI opened at $26.84 on Tuesday. The firm has a fifty day moving average of $26.99 and a two-hundred day moving average of $23.60. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 12-month low of $15.01 and a 12-month high of $31.00. The firm has a market capitalization of $11.28 billion, a P/E ratio of 38.90, a price-to-earnings-growth ratio of 0.40 and a beta of 0.55.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The firm had revenue of $333.00 million for the quarter, compared to analysts' expectations of $324.98 million. During the same quarter in the prior year, the business posted $0.13 earnings per share. Alamos Gold's revenue was up 20.0% on a year-over-year basis. On average, equities analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.025 per share. The ex-dividend date is Thursday, June 12th. This represents a $0.10 annualized dividend and a dividend yield of 0.37%. Alamos Gold's dividend payout ratio is 16.13%.

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.

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