Zurcher Kantonalbank Zurich Cantonalbank Reduces Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 36.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 113,912 shares of the basic materials company’s stock after selling 64,258 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Alamos Gold were worth $3,043,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Murphy Pohlad Asset Management LLC raised its holdings in shares of Alamos Gold by 0.3% in the first quarter. Murphy Pohlad Asset Management LLC now owns 159,650 shares of the basic materials company’s stock worth $4,269,000 after buying an additional 500 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of Alamos Gold by 0.3% in the fourth quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company’s stock valued at $3,349,000 after purchasing an additional 614 shares during the period. SBI Securities Co. Ltd. boosted its holdings in shares of Alamos Gold by 67.0% in the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 660 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Alamos Gold by 1.2% in the fourth quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company’s stock valued at $1,342,000 after purchasing an additional 854 shares during the period. Finally, Brown Advisory Inc. boosted its holdings in shares of Alamos Gold by 9.3% in the first quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company’s stock valued at $315,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

Shares of AGI stock opened at $24.82 on Friday. The firm has a market cap of $10.43 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 0.53 and a beta of 0.51. The company’s 50 day moving average is $26.33 and its 200 day moving average is $25.23. The company has a quick ratio of 0.94, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. Alamos Gold Inc. has a 52-week low of $15.74 and a 52-week high of $31.00.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Alamos Gold had a net margin of 22.99% and a return on equity of 10.81%. The company had revenue of $438.20 million for the quarter, compared to analyst estimates of $400.61 million. During the same period last year, the company posted $0.24 earnings per share. Alamos Gold’s revenue was up 31.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.4%. Alamos Gold’s dividend payout ratio is presently 16.13%.

Analyst Ratings Changes

AGI has been the subject of a number of research reports. Stifel Nicolaus initiated coverage on Alamos Gold in a report on Wednesday, July 9th. They issued a “buy” rating for the company. Royal Bank Of Canada boosted their price target on Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, April 4th. Bank of America lowered their price target on Alamos Gold from $31.00 to $30.50 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Wall Street Zen upgraded Alamos Gold from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a report on Monday, April 14th. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $30.38.

Alamos Gold 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.