Edmond DE Rothschild Holding S.A. Grows Holdings in Alamos Gold Inc. $AGI

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Alamos Gold Inc. by 30% in the first quarter, now owning 118,294 shares worth approximately $3.17 million.
• Alamos Gold reported a net income of $0.34 EPS for the most recent quarter, exceeding expectations and showing a 31.7% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.025 per share, with a payout ratio of 12.05%, and has a consensus rating of Buy from analysts with an average price target of $30.38.

Edmond DE Rothschild Holding S.A. grew its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 30.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 118,294 shares of the basic materials company's stock after acquiring an additional 27,300 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Alamos Gold were worth $3,167,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Murphy Pohlad Asset Management LLC raised its stake in shares of Alamos Gold by 0.3% in the 1st quarter. Murphy Pohlad Asset Management LLC now owns 159,650 shares of the basic materials company's stock valued at $4,269,000 after acquiring an additional 500 shares during the period. Baird Financial Group Inc. raised its stake in shares of Alamos Gold by 0.3% in the 4th quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company's stock valued at $3,349,000 after acquiring an additional 614 shares during the period. Cheviot Value Management LLC raised its stake in shares of Alamos Gold by 1.2% in the 1st quarter. Cheviot Value Management LLC now owns 52,377 shares of the basic materials company's stock valued at $1,346,000 after acquiring an additional 635 shares during the period. SBI Securities Co. Ltd. increased its stake in Alamos Gold by 67.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after buying an additional 660 shares during the period. Finally, Brown Advisory Inc. increased its stake in Alamos Gold by 9.3% during the 1st quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company's stock worth $315,000 after buying an additional 1,000 shares during the period. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Trading Down 1.6%

NYSE AGI opened at $31.57 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. Alamos Gold Inc. has a 52 week low of $17.42 and a 52 week high of $32.49. The stock has a market capitalization of $13.27 billion, a PE ratio of 38.03, a price-to-earnings-growth ratio of 0.70 and a beta of 0.55. The firm has a 50 day moving average of $26.91 and a two-hundred day moving average of $26.34.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. The company had revenue of $438.20 million during the quarter, compared to analysts' expectations of $400.61 million. During the same quarter in the previous year, the business posted $0.24 EPS. The firm's revenue was up 31.7% on a year-over-year basis. As a group, research analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be issued a $0.025 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. Alamos Gold's dividend payout ratio is presently 12.05%.

Analysts Set New Price Targets

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

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.

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