Kercheville Advisors LLC Sells 14,450 Shares of Alamos Gold Inc. $AGI

Kercheville Advisors LLC decreased its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 14.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,251 shares of the basic materials company’s stock after selling 14,450 shares during the period. Alamos Gold makes up about 0.9% of Kercheville Advisors LLC’s portfolio, making the stock its 28th largest position. Kercheville Advisors LLC’s holdings in Alamos Gold were worth $2,903,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Alamos Gold in the 2nd quarter worth about $144,808,000. Geode Capital Management LLC increased its holdings in Alamos Gold by 639.2% during the 2nd quarter. Geode Capital Management LLC now owns 3,380,859 shares of the basic materials company’s stock worth $91,379,000 after purchasing an additional 2,923,478 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Alamos Gold by 29.3% during the 2nd quarter. CIBC Asset Management Inc now owns 11,132,337 shares of the basic materials company’s stock worth $296,623,000 after purchasing an additional 2,521,347 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Alamos Gold by 32.3% in the second quarter. Mackenzie Financial Corp now owns 8,979,615 shares of the basic materials company’s stock worth $238,990,000 after purchasing an additional 2,192,593 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Alamos Gold by 105.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock valued at $64,032,000 after purchasing an additional 1,227,695 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AGI. Desjardins started coverage on Alamos Gold in a report on Friday, November 28th. They set a “buy” rating for the company. Bank of America lifted their price objective on shares of Alamos Gold from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Wall Street Zen upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Weiss Ratings reissued a “buy (a)” rating on shares of Alamos Gold in a research report on Monday, December 29th. Finally, TD Securities reaffirmed a “buy” rating on shares of Alamos Gold in a research report on Monday, November 3rd. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $43.00.

Alamos Gold Trading Down 0.7%

NYSE AGI opened at $38.32 on Monday. The business’s fifty day moving average is $35.47 and its 200-day moving average is $31.56. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.72 and a quick ratio of 1.33. The stock has a market capitalization of $16.09 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 0.34 and a beta of 0.63. Alamos Gold Inc. has a one year low of $18.65 and a one year high of $40.98.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $462.30 million during the quarter, compared to analyst estimates of $490.96 million. Alamos Gold had a net margin of 33.46% and a return on equity of 12.36%. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 earnings per share. Equities research analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, December 4th. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. Alamos Gold’s dividend payout ratio (DPR) is presently 7.81%.

Alamos Gold Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.