Zurcher Kantonalbank Zurich Cantonalbank Acquires 4,807 Shares of Alamos Gold Inc. (NYSE:AGI)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 5.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 88,692 shares of the basic materials company’s stock after buying an additional 4,807 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Alamos Gold were worth $1,199,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Anchor Investment Management LLC acquired a new stake in shares of Alamos Gold in the 4th quarter valued at $27,000. Fifth Third Bancorp acquired a new stake in shares of Alamos Gold during the fourth quarter worth $96,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of Alamos Gold by 14.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,367 shares of the basic materials company’s stock worth $140,000 after purchasing an additional 1,596 shares during the period. Mcrae Capital Management Inc. acquired a new stake in shares of Alamos Gold during the fourth quarter worth $174,000. Finally, Keybank National Association OH grew its stake in shares of Alamos Gold by 32.4% during the third quarter. Keybank National Association OH now owns 14,859 shares of the basic materials company’s stock worth $168,000 after purchasing an additional 3,634 shares during the period. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Stock Performance

Shares of AGI opened at $15.30 on Friday. Alamos Gold Inc. has a 52 week low of $10.78 and a 52 week high of $16.01. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 3.79 and a beta of 1.15. The stock has a fifty day moving average of $13.79 and a 200-day moving average of $13.25.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Thursday, April 25th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The business had revenue of $277.60 million during the quarter, compared to analyst estimates of $271.15 million. Alamos Gold had a return on equity of 7.43% and a net margin of 19.41%. Alamos Gold’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $0.12 EPS. As a group, equities analysts forecast that Alamos Gold Inc. will post 0.66 EPS for the current year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.65%. Alamos Gold’s payout ratio is currently 19.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th. Bank of America raised Alamos Gold from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $21.75 to $27.25 in a research note on Tuesday, April 9th. Royal Bank of Canada lifted their price objective on Alamos Gold from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday. Jefferies Financial Group boosted their target price on Alamos Gold from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, StockNews.com raised Alamos Gold from a “hold” rating to a “buy” rating in a research note on Sunday, April 14th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Alamos Gold presently has a consensus rating of “Moderate Buy” and an average price target of $18.15.

About Alamos Gold

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.