Alamos Gold Inc. $AGI Position Boosted by Edmond DE Rothschild Holding S.A.

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. boosted its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 30.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Murphy Pohlad Asset Management LLC raised its holdings in Alamos Gold by 0.3% in the first 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 in the last quarter. Baird Financial Group Inc. raised its holdings in Alamos Gold by 0.3% in the fourth 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 in the last quarter. Cheviot Value Management LLC raised its holdings in Alamos Gold by 1.2% in the first 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 in the last quarter. SBI Securities Co. Ltd. raised its holdings in Alamos Gold by 67.0% in the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock valued at $44,000 after acquiring an additional 660 shares in the last quarter. Finally, Brown Advisory Inc. raised its holdings in Alamos Gold by 9.3% in the first quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company's stock valued at $315,000 after acquiring an additional 1,000 shares in the last quarter. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Stock Performance

Shares of AGI stock traded up $0.30 during trading hours on Wednesday, reaching $32.82. The stock had a trading volume of 1,189,737 shares, compared to its average volume of 3,446,490. 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 Inc. has a twelve month low of $17.42 and a twelve month high of $33.27. The firm has a 50-day simple moving average of $27.29 and a 200-day simple moving average of $26.56. The firm has a market capitalization of $13.80 billion, a PE ratio of 39.54, a price-to-earnings-growth ratio of 0.72 and a beta of 0.55.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The business had revenue of $438.20 million for the quarter, compared to analysts' expectations of $400.61 million. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. The company's revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 EPS. As a group, equities analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be given a dividend of $0.025 per share. 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 (DPR) is 12.05%.

Analyst Ratings Changes

Several research firms recently issued reports on AGI. Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Stifel Nicolaus began coverage on shares of Alamos Gold in a report on Wednesday, July 9th. They issued a "buy" rating on the stock. Wall Street Zen cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. CIBC reissued an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Finally, National Bankshares reissued an "outperform" rating on shares of Alamos Gold in a report 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 issued a Hold rating to the stock. According to data from MarketBeat, the stock presently 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.