Cheviot Value Management LLC Increases Stock Holdings in Alamos Gold Inc. $AGI

Cheviot Value Management LLC increased its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 11.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 209,985 shares of the basic materials company’s stock after purchasing an additional 20,956 shares during the quarter. Alamos Gold makes up 0.8% of Cheviot Value Management LLC’s holdings, making the stock its 25th biggest position. Cheviot Value Management LLC’s holdings in Alamos Gold were worth $8,101,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Navellier & Associates Inc. boosted its stake in Alamos Gold by 2.5% during the fourth quarter. Navellier & Associates Inc. now owns 289,224 shares of the basic materials company’s stock worth $11,158,000 after buying an additional 6,991 shares during the period. PKO Investment Management Joint Stock Co lifted its holdings in shares of Alamos Gold by 2.5% in the 4th quarter. PKO Investment Management Joint Stock Co now owns 162,000 shares of the basic materials company’s stock worth $6,267,000 after acquiring an additional 4,000 shares during the last quarter. Hussman Strategic Advisors Inc. lifted its holdings in shares of Alamos Gold by 19.6% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 61,000 shares of the basic materials company’s stock worth $2,353,000 after acquiring an additional 10,000 shares during the last quarter. Sigma Planning Corp boosted its stake in shares of Alamos Gold by 5.0% during the 4th quarter. Sigma Planning Corp now owns 11,795 shares of the basic materials company’s stock worth $455,000 after purchasing an additional 557 shares during the period. Finally, PVG Asset Management Corp purchased a new position in shares of Alamos Gold during the 4th quarter worth about $206,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Scotiabank boosted their target price 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 cut Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Alamos Gold currently has a consensus rating of “Buy” and an average price target of $50.67.

Alamos Gold Stock Up 2.4%

Shares of NYSE AGI opened at $43.38 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.60 and a current ratio of 2.01. The firm has a market capitalization of $18.22 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 0.54 and a beta of 0.50. The stock has a 50 day moving average price of $45.95 and a 200 day moving average price of $40.87. Alamos Gold Inc. has a 52-week low of $23.75 and a 52-week high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $596.70 million for the quarter, compared to the consensus estimate of $612.35 million. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.Alamos Gold’s quarterly revenue was up 79.2% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. Sell-side analysts expect that Alamos Gold Inc. will post 2.46 earnings per share for the current year.

Alamos Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, March 12th. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. Alamos Gold’s dividend payout ratio is currently 6.37%.

Alamos Gold 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.