Alamos Gold Inc. $AGI Shares Purchased by Eschler Asset Management LLP

Eschler Asset Management LLP lifted its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 135.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 521,620 shares of the basic materials company’s stock after purchasing an additional 300,000 shares during the period. Alamos Gold makes up 13.6% of Eschler Asset Management LLP’s holdings, making the stock its 2nd biggest holding. Eschler Asset Management LLP owned approximately 0.12% of Alamos Gold worth $20,124,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AGI. Van ECK Associates Corp grew its holdings in shares of Alamos Gold by 35.3% in the third quarter. Van ECK Associates Corp now owns 45,544,137 shares of the basic materials company’s stock valued at $1,587,666,000 after purchasing an additional 11,876,324 shares in the last quarter. Norges Bank acquired a new position in shares of Alamos Gold in the fourth quarter valued at approximately $219,475,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Alamos Gold in the fourth quarter valued at approximately $72,410,000. Bank of America Corp DE grew its holdings in shares of Alamos Gold by 137.3% in the third quarter. Bank of America Corp DE now owns 2,624,565 shares of the basic materials company’s stock valued at $91,492,000 after purchasing an additional 1,518,374 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew 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. Institutional investors and hedge funds own 64.33% of the company’s stock.

Analyst Ratings Changes

AGI has been the subject of a number of research reports. Wall Street Zen cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Weiss Ratings cut shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $50.67.

Alamos Gold Trading Up 2.0%

Shares of Alamos Gold stock opened at $35.16 on Friday. The company has a fifty day simple moving average of $42.09 and a 200-day simple moving average of $42.08. Alamos Gold Inc. has a 12-month low of $23.92 and a 12-month high of $55.41. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05. The stock has a market cap of $14.74 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 0.45 and a beta of 0.49.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $596.70 million during the quarter, compared to analysts’ expectations of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. Alamos Gold’s quarterly revenue was up 79.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS. On average, equities analysts forecast that Alamos Gold Inc. will post 2.46 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be paid a dividend of $0.04 per share. The ex-dividend date is Thursday, June 11th. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. Alamos Gold’s dividend payout ratio is currently 6.37%.

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.