Kercheville Advisors LLC Sells 4,049 Shares of Alamos Gold Inc. $AGI

Kercheville Advisors LLC lessened its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,701 shares of the basic materials company’s stock after selling 4,049 shares during the quarter. Alamos Gold accounts for approximately 0.9% of Kercheville Advisors LLC’s portfolio, making the stock its 29th largest holding. Kercheville Advisors LLC’s holdings in Alamos Gold were worth $2,594,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Capital Wealth Advisors purchased a new position in shares of Alamos Gold in the 1st quarter worth about $221,000. Foundation Resource Management Inc. lifted its position in Alamos Gold by 3.6% in the 1st quarter. Foundation Resource Management Inc. now owns 52,817 shares of the basic materials company’s stock worth $1,412,000 after buying an additional 1,822 shares during the last quarter. Accordant Advisory Group Inc boosted its stake in Alamos Gold by 94.7% in the first quarter. Accordant Advisory Group Inc now owns 73,783 shares of the basic materials company’s stock worth $1,973,000 after buying an additional 35,886 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Alamos Gold during the first quarter valued at approximately $320,000. Finally, Sowell Financial Services LLC boosted its stake in shares of Alamos Gold by 83.7% in the 1st quarter. Sowell Financial Services LLC now owns 125,773 shares of the basic materials company’s stock valued at $3,363,000 after purchasing an additional 57,301 shares in the last quarter. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

Alamos Gold stock opened at $34.00 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The firm has a market cap of $14.30 billion, a P/E ratio of 40.96, a P/E/G ratio of 0.69 and a beta of 0.50. Alamos Gold Inc. has a 1-year low of $17.42 and a 1-year high of $35.61. The firm has a 50-day moving average of $29.82 and a 200-day moving average of $27.72.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.The company had revenue of $438.20 million for the quarter, compared to the consensus estimate of $400.61 million. During the same quarter in the previous year, the business earned $0.24 EPS. Alamos Gold’s revenue was up 31.7% compared to the same quarter last year. Sell-side analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. Alamos Gold’s dividend payout ratio (DPR) is presently 12.05%.

Analyst Ratings Changes

AGI has been the topic of a number of analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Alamos Gold in a research report on Saturday, September 27th. Wall Street Zen downgraded Alamos Gold from a “buy” rating to a “hold” rating in a report on Friday. BMO Capital Markets reissued an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, September 16th. Stifel Nicolaus initiated coverage on Alamos Gold in a report on Wednesday, July 9th. They set a “buy” rating for the company. Finally, CIBC reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $31.17.

Alamos Gold Company Profile

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.