Zurcher Kantonalbank Zurich Cantonalbank Sells 64,258 Shares of Alamos Gold Inc. (NYSE:AGI)

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank has reduced its stake in Alamos Gold Inc. by 36.1%, owning 113,912 shares after selling 64,258 shares during the first quarter.
• Alamos Gold recently reported earnings of $0.34 EPS for the quarter, which beat the consensus estimate and marked a 31.7% increase in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.025 per share, which reflects an annual yield of 0.4% and a payout ratio of 16.13%.

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 36.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 113,912 shares of the basic materials company's stock after selling 64,258 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Alamos Gold were worth $3,043,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Alamos Gold by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock worth $295,105,000 after buying an additional 279,280 shares during the period. Geode Capital Management LLC grew its holdings in Alamos Gold by 36.3% during the 4th quarter. Geode Capital Management LLC now owns 408,434 shares of the basic materials company's stock worth $7,532,000 after acquiring an additional 108,822 shares during the period. Trexquant Investment LP grew its holdings in Alamos Gold by 54.2% during the 4th quarter. Trexquant Investment LP now owns 192,787 shares of the basic materials company's stock worth $3,555,000 after acquiring an additional 67,743 shares during the period. Old West Investment Management LLC raised its position in shares of Alamos Gold by 43.5% during the 4th quarter. Old West Investment Management LLC now owns 697,165 shares of the basic materials company's stock valued at $12,856,000 after acquiring an additional 211,273 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Alamos Gold by 36.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 86,836 shares of the basic materials company's stock valued at $1,601,000 after purchasing an additional 23,187 shares during the period. Institutional investors and hedge funds own 64.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AGI shares. Wall Street Zen raised Alamos Gold from a "hold" rating to a "buy" rating in a research note on Saturday. National Bankshares reiterated an "outperform" rating on shares of Alamos Gold in a research report on Tuesday. CIBC restated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Stifel Nicolaus initiated coverage on shares of Alamos Gold in a research note on Wednesday, July 9th. They issued a "buy" rating for the company. Finally, Bank of America reduced their price target on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $30.38.

Alamos Gold Stock Up 0.2%

Shares of AGI stock traded up $0.06 on Wednesday, hitting $26.29. 2,379,857 shares of the stock were exchanged, compared to its average volume of 3,485,292. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $11.05 billion, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 0.56 and a beta of 0.51. Alamos Gold Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $31.00. The business has a 50-day moving average of $26.32 and a 200 day moving average of $25.35.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%. The firm had revenue of $438.20 million during the quarter, compared to the consensus estimate of $400.61 million. During the same quarter in the prior year, the firm posted $0.24 EPS. The business's revenue was up 31.7% on a year-over-year basis. Equities analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were given a $0.025 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.4%. Alamos Gold's payout ratio is currently 12.05%.

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.