Swiss National Bank Raises Position in Alamos Gold Inc. (NYSE:AGI)

Swiss National Bank raised its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 825,036 shares of the basic materials company’s stock after purchasing an additional 38,600 shares during the quarter. Swiss National Bank’s holdings in Alamos Gold were worth $16,467,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Alamos Gold by 1.7% in the first quarter. Vanguard Group Inc. now owns 14,669,249 shares of the basic materials company’s stock valued at $216,371,000 after acquiring an additional 250,207 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Alamos Gold by 147.6% in the second quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock valued at $119,003,000 after acquiring an additional 4,521,282 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Alamos Gold by 71.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company’s stock valued at $97,183,000 after acquiring an additional 2,756,759 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Alamos Gold by 79.3% in the third quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock valued at $97,336,000 after acquiring an additional 2,149,915 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Alamos Gold by 31.9% in the second quarter. Bank of New York Mellon Corp now owns 4,373,478 shares of the basic materials company’s stock valued at $68,576,000 after acquiring an additional 1,058,000 shares in the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Jefferies Financial Group upped their target price on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a report on Friday, October 4th. StockNews.com lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada increased their price objective on Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Scotiabank increased their price objective on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Finally, National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $25.06.

Alamos Gold Price Performance

Shares of NYSE AGI opened at $18.88 on Friday. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 0.85 and a beta of 1.19. Alamos Gold Inc. has a 1-year low of $11.24 and a 1-year high of $21.45. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The stock has a fifty day simple moving average of $19.88 and a two-hundred day simple moving average of $18.06.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). The company had revenue of $360.90 million during the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. Analysts anticipate that Alamos Gold Inc. will post 0.76 earnings per share for the current year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Thursday, December 5th. Alamos Gold’s dividend payout ratio (DPR) is presently 16.67%.

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.