Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 93.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 178,170 shares of the basic materials company's stock after acquiring 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 modified their holdings of the company. CIBC Asset Management Inc raised its holdings in Alamos Gold by 59.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock worth $142,936,000 after buying an additional 2,867,027 shares during the last quarter. FMR LLC raised its holdings in shares of Alamos Gold by 50.8% in the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company's stock worth $127,027,000 after acquiring an additional 2,148,153 shares during the last quarter. Addenda Capital Inc. bought a new position in Alamos Gold in the 4th quarter valued at about $34,869,000. Raymond James Financial Inc. bought a new position in Alamos Gold in the 4th quarter valued at about $28,950,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Alamos Gold by 19.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company's stock valued at $110,662,000 after purchasing an additional 891,255 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on AGI. National Bank Financial upgraded shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, December 3rd. Royal Bank of Canada boosted their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $26.06.
Read Our Latest Stock Analysis on AGI
Alamos Gold Stock Performance
Shares of AGI traded up $0.32 during mid-day trading on Wednesday, hitting $26.16. The stock had a trading volume of 2,476,795 shares, compared to its average volume of 2,762,910. Alamos Gold Inc. has a 52 week low of $13.07 and a 52 week high of $26.35. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The business has a fifty day moving average price of $22.05 and a 200-day moving average price of $20.32. The firm has a market cap of $11.00 billion, a P/E ratio of 37.91, a PEG ratio of 0.40 and a beta of 1.15.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. On average, equities research analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.
Alamos Gold Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.38%. Alamos Gold's dividend payout ratio is 14.49%.
Alamos Gold Company Profile
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Free Report)
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.
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