Swiss National Bank boosted its position in Alamos Gold Inc. (NYSE:AGI – Get Rating) (TSE:AGI) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 950,436 shares of the basic materials company’s stock after acquiring an additional 13,400 shares during the quarter. Swiss National Bank owned 0.24% of Alamos Gold worth $9,607,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Hollencrest Capital Management bought a new position in Alamos Gold in the fourth quarter valued at $47,000. Blueshift Asset Management LLC bought a new position in Alamos Gold in the third quarter valued at $81,000. JTC Employer Solutions Trustee Ltd purchased a new stake in Alamos Gold during the fourth quarter valued at about $81,000. Engineers Gate Manager LP purchased a new stake in Alamos Gold during the third quarter valued at about $81,000. Finally, Brown Brothers Harriman & Co. boosted its position in Alamos Gold by 58.8% during the first quarter. Brown Brothers Harriman & Co. now owns 9,901 shares of the basic materials company’s stock valued at $83,000 after buying an additional 3,665 shares during the period. Institutional investors own 50.22% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Laurentian lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. StockNews.com upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Friday, April 28th. CIBC upped their price target on shares of Alamos Gold from C$17.50 to C$18.50 in a research report on Tuesday, February 7th. Scotiabank assumed coverage on shares of Alamos Gold in a research report on Monday, April 24th. They set an “outperform” rating and a $14.50 price target for the company. Finally, National Bank Financial upped their price target on shares of Alamos Gold from C$17.50 to C$18.00 in a research report on Tuesday, February 14th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $16.08.
Alamos Gold Trading Down 3.7 %
Alamos Gold (NYSE:AGI – Get Rating) (TSE:AGI) last posted its earnings results on Thursday, April 27th. The basic materials company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The company had revenue of $251.50 million during the quarter, compared to analyst estimates of $231.55 million. Alamos Gold had a net margin of 10.58% and a return on equity of 4.98%. Alamos Gold’s revenue for the quarter was up 36.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 earnings per share. Research analysts forecast that Alamos Gold Inc. will post 0.47 earnings per share for the current fiscal year.
Alamos Gold Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 30th. Investors of record on Thursday, March 16th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Wednesday, March 15th. Alamos Gold’s payout ratio is currently 41.67%.
About Alamos Gold
Alamos Gold, Inc engages in the exploration, development, mining and extraction of precious metals. It operates through the following segments: Young-Davidson, Mulatos, Island Gold, Elchanate, Kirazli and Corporate and Other. The company was founded on February 21, 2003 and is headquartered in Toronto, Canada.
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