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 cut its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 36.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm 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.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Alamos Gold by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock worth $295,105,000 after acquiring an additional 279,280 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Alamos Gold in the first quarter valued at $320,000. Brown Advisory Inc. grew its position in Alamos Gold by 9.3% in the first quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company's stock valued at $315,000 after purchasing an additional 1,000 shares in the last quarter. LBP AM SA bought a new position in Alamos Gold in the first quarter valued at $1,155,000. Finally, Goehring & Rozencwajg Associates LLC grew its position in Alamos Gold by 2.3% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,223,257 shares of the basic materials company's stock valued at $31,915,000 after purchasing an additional 27,032 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AGI has been the subject of a number of analyst reports. Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. CIBC reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Bank of America decreased their target price on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Finally, Stifel Nicolaus initiated coverage on shares of Alamos Gold in a research report on Wednesday, July 9th. They issued a "buy" rating for the company. One analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $30.38.

Alamos Gold Stock Performance

Shares of AGI traded up $0.52 during midday trading on Friday, reaching $24.82. The stock had a trading volume of 4,965,624 shares, compared to its average volume of 3,729,205. The firm has a 50 day simple moving average of $26.33 and a 200-day simple moving average of $25.27. Alamos Gold Inc. has a one year low of $15.74 and a one year high of $31.00. The firm has a market cap of $10.43 billion, a PE ratio of 29.90, a P/E/G ratio of 0.55 and a beta of 0.51. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07.

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

Alamos Gold Dividend Announcement

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

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.