Kercheville Advisors LLC Acquires 26,200 Shares of Alamos Gold Inc. (NYSE:AGI)

Kercheville Advisors LLC lifted its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 42.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,850 shares of the basic materials company’s stock after acquiring an additional 26,200 shares during the period. Kercheville Advisors LLC’s holdings in Alamos Gold were worth $1,753,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AGI. Mackenzie Financial Corp grew its holdings in shares of Alamos Gold by 147.6% in the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock valued at $119,003,000 after buying an additional 4,521,282 shares during the period. Van ECK Associates Corp grew its position in Alamos Gold by 8.3% in the first quarter. Van ECK Associates Corp now owns 52,397,485 shares of the basic materials company’s stock valued at $772,863,000 after purchasing an additional 4,009,220 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Alamos Gold by 71.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company’s stock valued at $97,183,000 after buying an additional 2,756,759 shares during the last quarter. CIBC Asset Management Inc lifted its position in Alamos Gold by 311.9% during the 2nd quarter. CIBC Asset Management Inc now owns 2,709,784 shares of the basic materials company’s stock worth $42,480,000 after buying an additional 2,051,935 shares in the last quarter. Finally, Triasima Portfolio Management inc. grew its holdings in shares of Alamos Gold by 328.2% in the 2nd quarter. Triasima Portfolio Management inc. now owns 1,389,027 shares of the basic materials company’s stock valued at $21,779,000 after acquiring an additional 1,064,629 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AGI has been the subject of several recent analyst reports. Scotiabank increased their price objective on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Royal Bank of Canada lifted their price objective on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. National Bank Financial cut shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. Jefferies Financial Group lifted their price target on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, StockNews.com lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Alamos Gold has a consensus rating of “Moderate Buy” and an average target price of $25.06.

Alamos Gold Stock Performance

Shares of AGI opened at $20.77 on Monday. The firm has a market cap of $8.29 billion, a P/E ratio of 39.94, a price-to-earnings-growth ratio of 0.86 and a beta of 1.18. Alamos Gold Inc. has a 52 week low of $11.24 and a 52 week high of $21.45. The firm’s 50-day simple moving average is $19.84 and its 200 day simple moving average is $17.53.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. The company had revenue of $332.60 million for the quarter, compared to analyst estimates of $282.78 million. During the same quarter last year, the company earned $0.15 earnings per share. The firm’s quarterly revenue was up 27.4% compared to the same quarter last year. As a group, equities analysts forecast that Alamos Gold Inc. will post 0.75 earnings per share for the current year.

Alamos Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.48%. The ex-dividend date was Thursday, September 12th. Alamos Gold’s dividend payout ratio (DPR) is 19.23%.

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.