Swiss National Bank Raises Stake in Alamos Gold Inc. (NYSE:AGI)

Swiss National Bank boosted its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 828,936 shares of the basic materials company’s stock after purchasing an additional 3,900 shares during the quarter. Swiss National Bank owned about 0.20% of Alamos Gold worth $15,286,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Blue Trust Inc. boosted its position in shares of Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock valued at $46,000 after buying an additional 856 shares during the last quarter. R Squared Ltd bought a new stake in Alamos Gold in the fourth quarter worth $61,000. Daiwa Securities Group Inc. purchased a new stake in shares of Alamos Gold in the fourth quarter worth $136,000. Finally, XTX Topco Ltd bought a new position in shares of Alamos Gold during the third quarter valued at $207,000. Institutional investors own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

AGI has been the subject of several analyst reports. Royal Bank of Canada raised their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Six analysts have rated the stock with a buy rating, According to MarketBeat, Alamos Gold presently has an average rating of “Buy” and an average target price of $26.06.

Alamos Gold Stock Up 1.2 %

Shares of AGI stock opened at $26.16 on Thursday. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 12 month low of $13.07 and a 12 month high of $26.35. The stock has a market cap of $11.00 billion, a P/E ratio of 37.91, a P/E/G ratio of 0.40 and a beta of 1.15. The company has a 50 day simple moving average of $22.19 and a two-hundred day simple moving average of $20.36.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $375.80 million during the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. On average, research analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.38%. Alamos Gold’s payout ratio is currently 14.49%.

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.