Kercheville Advisors LLC Acquires 26,200 Shares of Alamos Gold Inc. (NYSE:AGI)

Kercheville Advisors LLC grew its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 42.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 87,850 shares of the basic materials company's stock after buying an additional 26,200 shares during the period. Kercheville Advisors LLC's holdings in Alamos Gold were worth $1,753,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AGI. Vanguard Group Inc. boosted its holdings in Alamos Gold by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 14,419,042 shares of the basic materials company's stock valued at $194,224,000 after acquiring an additional 216,280 shares during the period. Stapp Wealth Management Pllc bought a new stake in Alamos Gold during the 1st quarter valued at approximately $254,000. Van ECK Associates Corp grew its holdings in Alamos Gold by 8.3% in the 1st quarter. Van ECK Associates Corp now owns 52,397,485 shares of the basic materials company's stock valued at $772,863,000 after buying an additional 4,009,220 shares during the last quarter. Hartline Investment Corp bought a new position in Alamos Gold in the 1st quarter worth approximately $554,000. Finally, Private Advisor Group LLC lifted its holdings in shares of Alamos Gold by 40.8% during the first quarter. Private Advisor Group LLC now owns 25,020 shares of the basic materials company's stock worth $369,000 after buying an additional 7,253 shares during the last quarter. Institutional investors own 64.33% of the company's stock.

Alamos Gold Price Performance

Shares of AGI traded down $0.27 during mid-day trading on Monday, reaching $20.50. The company had a trading volume of 2,258,555 shares, compared to its average volume of 2,347,089. The company's 50-day moving average is $19.84 and its 200-day moving average is $17.55. The company has a market capitalization of $8.18 billion, a P/E ratio of 39.48, a P/E/G ratio of 0.86 and a beta of 1.18. Alamos Gold Inc. has a twelve month low of $11.24 and a twelve month high of $21.45.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. The business had revenue of $332.60 million for the quarter, compared to analyst estimates of $282.78 million. Alamos Gold had a net margin of 17.73% and a return on equity of 8.52%. The firm's quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 EPS. As a group, equities analysts expect that Alamos Gold Inc. will post 0.75 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Thursday, September 12th. Alamos Gold's payout ratio is presently 19.23%.

Wall Street Analyst Weigh In

AGI has been the topic of a number of research reports. Royal Bank of Canada boosted their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. National Bank Financial cut shares of Alamos Gold from a "strong-buy" rating to a "hold" rating in a research note on Sunday, September 8th. Jefferies Financial Group upped their price target on Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a report on Friday, October 4th. StockNews.com lowered Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. Finally, Scotiabank upped their target price on Alamos Gold from $20.00 to $22.00 and gave the company a "sector outperform" rating in a research note on Monday, August 19th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $25.06.

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.