Wexford Capital LP Makes New $859,000 Investment in Alamos Gold Inc. (NYSE:AGI)

Wexford Capital LP purchased a new stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 46,580 shares of the basic materials company's stock, valued at approximately $859,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AGI. Blue Trust Inc. boosted its holdings in shares of Alamos Gold by 155.7% in 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 period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Alamos Gold by 51.8% in 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 period. R Squared Ltd bought a new stake in shares of Alamos Gold in the fourth quarter worth $61,000. Cutler Capital Management LLC bought a new stake in shares of Alamos Gold in the fourth quarter worth $108,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Alamos Gold in the fourth quarter worth $136,000. Institutional investors and hedge funds own 64.33% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AGI. Wall Street Zen lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Royal Bank of Canada upped their price target on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Bank of America dropped their price target on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Alamos Gold currently has an average rating of "Moderate Buy" and an average target price of $30.38.

Alamos Gold Stock Performance

Shares of NYSE:AGI traded up $0.58 on Friday, hitting $26.26. The company had a trading volume of 3,043,095 shares, compared to its average volume of 2,711,992. Alamos Gold Inc. has a 1-year low of $15.01 and a 1-year high of $31.00. The stock has a market cap of $11.04 billion, a price-to-earnings ratio of 38.05, a P/E/G ratio of 0.40 and a beta of 0.60. The stock has a 50 day moving average price of $26.72 and a 200 day moving average price of $22.63. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08.

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

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $0.025 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.38%. Alamos Gold's dividend payout ratio (DPR) is currently 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.