Eschler Asset Management LLP Has $7.73 Million Stock Holdings in Alamos Gold Inc. $AGI

Key Points

• Eschler Asset Management cut its stake in Alamos Gold by 49.5% in Q3, selling 217,000 shares and ending the quarter with 221,620 shares worth about $7.73 million, which represents 5.7% of Eschler’s portfolio and is its fifth-largest holding.
• Alamos reported a Q4 beat with $0.54 EPS (vs. $0.49 expected) and revenue up 53.1% year-over-year; the company has a $20.36 billion market cap, a P/E of 23.09, and recently raised its quarterly dividend to $0.04 (annualized $0.16, ~0.3% yield).
• Analyst sentiment is positive—MarketBeat shows a consensus "Buy" with an average price target of $45.50 (some firms raising targets to as high as $60)—and institutional investors own about 64.33% of the stock.

Eschler Asset Management LLP reduced its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 49.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 221,620 shares of the basic materials company's stock after selling 217,000 shares during the quarter. Alamos Gold comprises 5.7% of Eschler Asset Management LLP's portfolio, making the stock its 5th biggest holding. Eschler Asset Management LLP owned approximately 0.05% of Alamos Gold worth $7,726,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. 1620 Investment Advisors Inc. acquired a new position in shares of Alamos Gold during the 3rd quarter worth about $35,000. EverSource Wealth Advisors LLC grew its holdings in Alamos Gold by 69.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company's stock valued at $49,000 after buying an additional 581 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in Alamos Gold in the 2nd quarter valued at approximately $98,000. Employees Retirement System of Texas bought a new position in Alamos Gold in the 2nd quarter worth approximately $112,000. Finally, Farther Finance Advisors LLC increased its position in Alamos Gold by 528.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,468 shares of the basic materials company's stock worth $156,000 after buying an additional 3,757 shares during the period. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $48.49 on Friday. The firm has a market capitalization of $20.36 billion, a PE ratio of 23.09, a PEG ratio of 0.66 and a beta of 0.55. The company has a current ratio of 2.00, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05. Alamos Gold Inc. has a 1-year low of $23.49 and a 1-year high of $55.41. The business's 50 day moving average is $44.47 and its 200-day moving average is $37.76.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its earnings results on Wednesday, February 18th. The basic materials company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.05. The business had revenue of $575.30 million during the quarter, compared to analyst estimates of $596.18 million. Alamos Gold had a return on equity of 14.83% and a net margin of 48.97%.Alamos Gold's revenue was up 53.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 earnings per share. Sell-side analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be paid a $0.04 dividend. The ex-dividend date is Thursday, March 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.3%. This is a positive change from Alamos Gold's previous quarterly dividend of $0.03. Alamos Gold's dividend payout ratio is currently 4.76%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Scotiabank increased their price objective on Alamos Gold from $55.00 to $60.00 and gave the company a "sector outperform" rating in a research report on Friday, February 6th. Weiss Ratings reaffirmed a "buy (a)" rating on shares of Alamos Gold in a research report on Monday, December 29th. Wall Street Zen cut shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 1st. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Alamos Gold in a report on Wednesday, February 4th. Finally, Desjardins initiated coverage on shares of Alamos Gold in a research report on Friday, November 28th. They issued a "buy" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Alamos Gold currently has a consensus rating of "Buy" and an average price target of $45.50.

Alamos Gold Company 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.

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