Merk Investments LLC Has $26.15 Million Stake in Alamos Gold Inc. $AGI

Merk Investments LLC cut its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 25.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 750,000 shares of the basic materials company’s stock after selling 250,000 shares during the quarter. Alamos Gold comprises 8.0% of Merk Investments LLC’s portfolio, making the stock its 4th biggest holding. Merk Investments LLC’s holdings in Alamos Gold were worth $26,145,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. 1620 Investment Advisors Inc. bought a new position in Alamos Gold during the third quarter worth $35,000. EverSource Wealth Advisors LLC raised its position in shares of Alamos Gold by 69.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 581 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Alamos Gold during the 2nd quarter worth about $98,000. Employees Retirement System of Texas acquired a new stake in shares of Alamos Gold during the 2nd quarter worth about $112,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Alamos Gold by 528.4% during 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. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Price Performance

NYSE:AGI opened at $46.21 on Tuesday. Alamos Gold Inc. has a 52 week low of $23.49 and a 52 week high of $55.41. The firm has a market cap of $19.40 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 0.61 and a beta of 0.55. The firm’s 50-day simple moving average is $44.76 and its 200 day simple moving average is $38.12. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.60 and a current ratio of 2.00.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. Alamos Gold had a net margin of 48.97% and a return on equity of 14.83%. The firm had revenue of $575.30 million during the quarter, compared to the consensus estimate of $596.18 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The business’s revenue for the quarter was up 53.1% compared to the same quarter last year. As a group, sell-side analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.3%. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date is Thursday, March 12th. Alamos Gold’s dividend payout ratio is presently 7.62%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $49.00 price target on shares of Alamos Gold in a research note on Sunday, December 7th. Weiss Ratings restated a “buy (a)” rating on shares of Alamos Gold in a report on Monday, December 29th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research report on Wednesday, February 4th. Desjardins assumed coverage on Alamos Gold in a research note on Friday, November 28th. They set a “buy” rating on the stock. Finally, Wall Street Zen cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus 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.