Cheviot Value Management LLC Increases Stock Holdings in Alamos Gold Inc. $AGI

Cheviot Value Management LLC increased its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 189,029 shares of the basic materials company’s stock after buying an additional 12,627 shares during the quarter. Alamos Gold comprises approximately 0.7% of Cheviot Value Management LLC’s portfolio, making the stock its 28th biggest holding. Cheviot Value Management LLC’s holdings in Alamos Gold were worth $6,590,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AGI. Norges Bank acquired a new position in shares of Alamos Gold during the 2nd quarter valued at about $144,808,000. Geode Capital Management LLC increased its position in Alamos Gold by 639.2% during the second quarter. Geode Capital Management LLC now owns 3,380,859 shares of the basic materials company’s stock worth $91,379,000 after purchasing an additional 2,923,478 shares during the last quarter. CIBC Asset Management Inc raised its stake in Alamos Gold by 29.3% during the second quarter. CIBC Asset Management Inc now owns 11,132,337 shares of the basic materials company’s stock worth $296,623,000 after purchasing an additional 2,521,347 shares during the period. Mackenzie Financial Corp grew its stake in shares of Alamos Gold by 32.3% during the 2nd quarter. Mackenzie Financial Corp now owns 8,979,615 shares of the basic materials company’s stock valued at $238,990,000 after buying an additional 2,192,593 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Alamos Gold by 105.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock worth $64,032,000 after buying an additional 1,227,695 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Up 3.0%

Shares of NYSE:AGI opened at $43.45 on Friday. The company has a market capitalization of $18.24 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 0.41 and a beta of 0.63. The company has a 50 day moving average of $38.32 and a two-hundred day moving average of $33.06. Alamos Gold Inc. has a 52-week low of $19.74 and a 52-week high of $43.95. The company has a quick ratio of 1.33, a current ratio of 1.72 and a debt-to-equity ratio of 0.07.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, October 29th. The basic materials company reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The business had revenue of $462.30 million for the quarter, compared to analysts’ expectations of $490.96 million. Alamos Gold had a net margin of 33.46% and a return on equity of 12.36%. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 earnings per share. As a group, analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a $0.025 dividend. The ex-dividend date was Thursday, December 4th. This represents a $0.10 annualized dividend and a dividend yield of 0.2%. Alamos Gold’s payout ratio is 7.81%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AGI. Wall Street Zen cut Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Alamos Gold in a research note on Monday, December 29th. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a report on Thursday, October 23rd. TD Securities reaffirmed a “buy” rating on shares of Alamos Gold in a research report on Monday, November 3rd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $49.00 price objective on shares of Alamos Gold in a research report on Sunday, December 7th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $43.00.

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.