Oxbow Advisors LLC Lowers Position in Alamos Gold Inc. (NYSE:AGI)

Oxbow Advisors LLC decreased its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 2.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 58,474 shares of the basic materials company’s stock after selling 1,672 shares during the period. Oxbow Advisors LLC’s holdings in Alamos Gold were worth $1,078,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. CIBC Asset Management Inc lifted its holdings in shares of Alamos Gold by 59.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock valued at $142,936,000 after purchasing an additional 2,867,027 shares during the last quarter. FMR LLC lifted its holdings in shares of Alamos Gold by 50.8% during the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after purchasing an additional 2,148,153 shares during the last quarter. Addenda Capital Inc. purchased a new position in shares of Alamos Gold during the fourth quarter valued at approximately $34,869,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Alamos Gold by 19.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock valued at $110,662,000 after purchasing an additional 891,255 shares during the last quarter. Finally, Generate Investment Management Ltd lifted its holdings in shares of Alamos Gold by 120.8% during the fourth quarter. Generate Investment Management Ltd now owns 818,945 shares of the basic materials company’s stock valued at $15,101,000 after purchasing an additional 448,074 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

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

Alamos Gold Price Performance

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

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

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.