Alamos Gold Inc. (NYSE:AGI) Shares Purchased by Kercheville Advisors LLC

Kercheville Advisors LLC lifted its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 21.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,550 shares of the basic materials company’s stock after purchasing an additional 18,700 shares during the period. Alamos Gold comprises about 0.8% of Kercheville Advisors LLC’s portfolio, making the stock its 28th largest holding. Kercheville Advisors LLC’s holdings in Alamos Gold were worth $1,965,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. FMR LLC lifted its stake in shares of Alamos Gold by 50.8% in the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock worth $127,027,000 after buying an additional 2,148,153 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Alamos Gold by 19.1% in the 3rd 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 acquiring an additional 891,255 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Alamos Gold by 79.3% in the 3rd quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock worth $97,336,000 after purchasing an additional 2,149,915 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Alamos Gold by 1.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company’s stock worth $41,205,000 after purchasing an additional 38,913 shares during the last quarter. Finally, Addenda Capital Inc. purchased a new stake in shares of Alamos Gold in the fourth quarter valued at approximately $34,869,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AGI. StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $25.06.

Alamos Gold Stock Performance

NYSE:AGI opened at $22.35 on Thursday. Alamos Gold Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $22.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. The company has a 50 day moving average price of $19.34 and a 200 day moving average price of $19.21. The stock has a market capitalization of $9.39 billion, a P/E ratio of 37.25, a PEG ratio of 0.62 and a beta of 1.16.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). The firm had revenue of $360.90 million during the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. Equities research analysts forecast that Alamos Gold Inc. will post 0.81 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $0.025 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.45%. Alamos Gold’s dividend payout ratio (DPR) is presently 16.67%.

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.