Zurcher Kantonalbank Zurich Cantonalbank Has $3.29 Million Stake in Alamos Gold Inc. (NYSE:AGI)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 93.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 178,170 shares of the basic materials company’s stock after purchasing an additional 86,137 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Alamos Gold were worth $3,285,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Natixis Advisors LLC increased its holdings in shares of Alamos Gold by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock valued at $552,000 after purchasing an additional 531 shares during the period. Veracity Capital LLC grew its stake in shares of Alamos Gold by 3.2% in the 4th quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company’s stock valued at $416,000 after buying an additional 694 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Alamos Gold by 4.0% in the 3rd quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock valued at $375,000 after buying an additional 728 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Alamos Gold by 51.8% in the 4th 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its stake in shares of Alamos Gold by 4.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company’s stock valued at $400,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Up 1.0 %

Shares of Alamos Gold stock opened at $25.13 on Friday. The stock has a market capitalization of $10.56 billion, a P/E ratio of 36.41, a PEG ratio of 0.40 and a beta of 1.15. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average price of $21.77 and a two-hundred day moving average price of $20.22. Alamos Gold Inc. has a 12-month low of $13.06 and a 12-month high of $25.36.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $375.80 million during 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 earnings per share for the current year.

Alamos Gold Dividend Announcement

The firm 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 $0.025 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.40%. Alamos Gold’s dividend payout ratio is 14.49%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Royal Bank of Canada boosted their price target on Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alamos Gold currently has an average rating of “Buy” and an average target price of $26.06.

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.