Medici Capital LLC Has $5.52 Million Position in Alamos Gold Inc. $AGI

Medici Capital LLC raised its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 642.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 208,000 shares of the basic materials company’s stock after purchasing an additional 180,000 shares during the period. Alamos Gold accounts for approximately 5.3% of Medici Capital LLC’s portfolio, making the stock its 4th largest holding. Medici Capital LLC’s holdings in Alamos Gold were worth $5,522,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Murphy Pohlad Asset Management LLC lifted its position in shares of Alamos Gold by 0.3% during the first quarter. Murphy Pohlad Asset Management LLC now owns 159,650 shares of the basic materials company’s stock worth $4,269,000 after acquiring an additional 500 shares in the last quarter. Cheviot Value Management LLC raised its position in shares of Alamos Gold by 1.2% in the first quarter. Cheviot Value Management LLC now owns 52,377 shares of the basic materials company’s stock worth $1,346,000 after buying an additional 635 shares in the last quarter. SBI Securities Co. Ltd. raised its position in shares of Alamos Gold by 67.0% in the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock worth $44,000 after buying an additional 660 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Alamos Gold by 9.3% in the first quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company’s stock worth $315,000 after buying an additional 1,000 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC raised its position in shares of Alamos Gold by 10.0% in the first quarter. SeaBridge Investment Advisors LLC now owns 11,000 shares of the basic materials company’s stock worth $294,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Analyst Ratings Changes

AGI has been the topic of a number of recent analyst reports. National Bankshares reiterated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, August 5th. CIBC reiterated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Wall Street Zen downgraded Alamos Gold from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Stifel Nicolaus began coverage on Alamos Gold in a research report on Wednesday, July 9th. They set a “buy” rating on the stock. Finally, Stifel Canada upgraded Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $30.38.

Alamos Gold Stock Up 0.2%

Shares of NYSE:AGI opened at $32.97 on Friday. The stock’s 50-day moving average price is $27.65 and its 200-day moving average price is $26.77. Alamos Gold Inc. has a 12-month low of $17.42 and a 12-month high of $33.27. The stock has a market capitalization of $13.87 billion, a P/E ratio of 39.72, a price-to-earnings-growth ratio of 0.72 and a beta of 0.55. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.The company had revenue of $438.20 million for the quarter, compared to analysts’ expectations of $400.61 million. During the same period last year, the firm earned $0.24 earnings per share. Alamos Gold’s quarterly revenue was up 31.7% on a year-over-year basis. On average, equities analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Thursday, September 11th. Alamos Gold’s payout ratio is currently 12.05%.

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.