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

Eschler Asset Management LLP increased its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 135.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 521,620 shares of the basic materials company’s stock after purchasing an additional 300,000 shares during the period. Alamos Gold accounts for 13.6% of Eschler Asset Management LLP’s investment portfolio, making the stock its 2nd largest holding. Eschler Asset Management LLP’s holdings in Alamos Gold were worth $20,124,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp acquired a new stake in Alamos Gold during the 4th quarter worth $25,000. Clearstead Advisors LLC boosted its stake in Alamos Gold by 62.8% during the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 251 shares during the period. Smartleaf Asset Management LLC boosted its stake in Alamos Gold by 44.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 222 shares during the period. Bayforest Capital Ltd acquired a new stake in Alamos Gold during the 4th quarter worth $44,000. Finally, EverSource Wealth Advisors LLC raised its position in Alamos Gold by 69.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock worth $49,000 after buying an additional 581 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Up 2.0%

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

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The company had revenue of $596.70 million during the quarter, compared to analysts’ expectations of $612.35 million. During the same quarter last year, the business earned $0.14 EPS. The business’s revenue was up 79.2% on a year-over-year basis. As a group, analysts expect that Alamos Gold Inc. will post 2.46 EPS for the current year.

Alamos Gold Dividend Announcement

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

Analysts Set New Price Targets

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

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.