Cheviot Value Management LLC Cuts Stake in Alamos Gold Inc. (NYSE:AGI)

Cheviot Value Management LLC cut its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 51,742 shares of the basic materials company’s stock after selling 635 shares during the period. Cheviot Value Management LLC’s holdings in Alamos Gold were worth $954,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AGI. Coppell Advisory Solutions LLC raised its holdings in Alamos Gold by 14.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company’s stock worth $181,000 after acquiring an additional 1,260 shares during the last quarter. Susquehanna Advisors Group Inc. purchased a new stake in shares of Alamos Gold during the fourth quarter valued at $7,777,000. Hsbc Holdings PLC increased its holdings in Alamos Gold by 99.1% in the 4th quarter. Hsbc Holdings PLC now owns 20,698 shares of the basic materials company’s stock worth $380,000 after buying an additional 10,300 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in Alamos Gold by 5.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 78,013 shares of the basic materials company’s stock worth $1,424,000 after buying an additional 4,026 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Alamos Gold by 296.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company’s stock valued at $136,011,000 after acquiring an additional 5,516,186 shares during the period. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Price Performance

Shares of Alamos Gold stock opened at $28.25 on Friday. The stock has a 50 day moving average price of $25.72 and a 200-day moving average price of $21.79. Alamos Gold Inc. has a one year low of $14.31 and a one year high of $31.00. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of 40.94, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. Equities analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.35%. Alamos Gold’s payout ratio is currently 14.49%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AGI shares. Bank of America decreased their target price on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. National Bank Financial raised shares of Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. StockNews.com upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. Royal Bank of Canada increased their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. Finally, Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alamos Gold presently has an average rating of “Buy” and a consensus 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.