Zurcher Kantonalbank Zurich Cantonalbank Buys 4,150 Shares of Alamos Gold Inc. (NYSE:AGI)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 92,750 shares of the basic materials company’s stock after purchasing an additional 4,150 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Alamos Gold were worth $1,455,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Baldwin Brothers LLC MA bought a new position in shares of Alamos Gold in the 2nd quarter worth about $47,000. Venturi Wealth Management LLC raised its position in shares of Alamos Gold by 20.7% in the 1st quarter. Venturi Wealth Management LLC now owns 7,000 shares of the basic materials company’s stock worth $103,000 after acquiring an additional 1,200 shares in the last quarter. St. Johns Investment Management Company LLC bought a new position in shares of Alamos Gold in the 1st quarter worth about $115,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Alamos Gold in the 1st quarter valued at about $203,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Alamos Gold in the 4th quarter valued at about $216,000. 64.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on AGI. Scotiabank raised their target price on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. StockNews.com upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th. Finally, Jefferies Financial Group raised their target price on Alamos Gold from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $22.06.

Alamos Gold Stock Performance

AGI stock opened at $19.28 on Tuesday. The company has a market capitalization of $7.70 billion, a P/E ratio of 37.08, a price-to-earnings-growth ratio of 0.83 and a beta of 1.16. Alamos Gold Inc. has a 52-week low of $10.78 and a 52-week high of $20.24. The business has a 50-day simple moving average of $17.47 and a two-hundred day simple moving average of $15.69.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The business had revenue of $332.60 million during the quarter, compared to the consensus estimate of $282.78 million. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. The company’s quarterly revenue was up 27.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. As a group, sell-side analysts forecast that Alamos Gold Inc. will post 0.75 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.025 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.52%. Alamos Gold’s dividend payout ratio (DPR) is currently 19.23%.

Alamos Gold Company 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.