Alamos Gold Inc. $AGI Stock Holdings Lifted by Eschler Asset Management LLP

Key Points

• Eschler Asset Management LLP increased its stake in Alamos Gold Inc. by 63.6%, acquiring a total of 95,726 shares, which now represents 6.5% of its holdings.
• Multiple institutional investors, including Banque Transatlantique SA and Maverick Capital Ltd., have recently adjusted their positions in Alamos Gold, showing increased interest in the stock.
• Alamos Gold reported earnings of $0.34 per share for the last quarter, surpassing analysts' expectations, and announced a quarterly dividend of $0.025 per share.

Eschler Asset Management LLP raised its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 63.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,726 shares of the basic materials company's stock after acquiring an additional 37,226 shares during the quarter. Alamos Gold comprises 6.5% of Eschler Asset Management LLP's holdings, making the stock its 3rd largest position. Eschler Asset Management LLP's holdings in Alamos Gold were worth $2,560,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the company. Banque Transatlantique SA acquired a new position in shares of Alamos Gold during the first quarter valued at about $31,000. Ardsley Advisory Partners LP raised its stake in Alamos Gold by 4.8% during the first quarter. Ardsley Advisory Partners LP now owns 550,000 shares of the basic materials company's stock valued at $14,707,000 after purchasing an additional 25,000 shares in the last quarter. Amundi grew its holdings in Alamos Gold by 12.1% during the 1st quarter. Amundi now owns 1,806,696 shares of the basic materials company's stock worth $48,546,000 after acquiring an additional 195,329 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its position in shares of Alamos Gold by 13.7% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 215,647 shares of the basic materials company's stock valued at $5,742,000 after purchasing an additional 25,924 shares during the last quarter. Finally, Maverick Capital Ltd. grew its stake in shares of Alamos Gold by 84.6% during the 1st quarter. Maverick Capital Ltd. now owns 27,126 shares of the basic materials company's stock worth $725,000 after purchasing an additional 12,428 shares during the period. Institutional investors and hedge funds own 64.33% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AGI shares. National Bankshares restated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, August 5th. Stifel Canada raised Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Wall Street Zen cut Alamos Gold from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Stifel Nicolaus assumed coverage on Alamos Gold in a report on Wednesday, July 9th. They issued a "buy" rating for the company. Finally, CIBC restated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Alamos Gold currently has a consensus rating of "Buy" and a consensus target price of $30.38.

Alamos Gold Stock Performance

Shares of AGI stock traded down $0.29 during midday trading on Tuesday, hitting $32.48. The company had a trading volume of 1,631,556 shares, compared to its average volume of 3,451,745. Alamos Gold Inc. has a 52-week low of $17.42 and a 52-week high of $33.10. The stock has a market cap of $13.65 billion, a price-to-earnings ratio of 39.12, a PEG ratio of 0.70 and a beta of 0.55. The company's 50 day simple moving average is $27.17 and its 200 day simple moving average is $26.52. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, July 30th. The basic materials company reported $0.34 EPS for the quarter, topping 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 last year, the business posted $0.24 EPS. Alamos Gold's quarterly revenue was up 31.7% compared to the same quarter last year. Research analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be paid a $0.025 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.10 annualized dividend and a yield of 0.3%. Alamos Gold's dividend payout ratio (DPR) is 12.05%.

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.