65,990 Shares in Alamos Gold Inc. $AGI Purchased by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG acquired a new position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 65,990 shares of the basic materials company’s stock, valued at approximately $2,546,000.

Other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp grew its position in shares of Alamos Gold by 35.3% during the 3rd quarter. Van ECK Associates Corp now owns 45,544,137 shares of the basic materials company’s stock worth $1,587,666,000 after purchasing an additional 11,876,324 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Alamos Gold by 3.1% in the third quarter. Vanguard Group Inc. now owns 17,233,606 shares of the basic materials company’s stock valued at $600,712,000 after buying an additional 524,263 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Alamos Gold by 29.3% in the second quarter. CIBC Asset Management Inc now owns 11,132,337 shares of the basic materials company’s stock valued at $296,623,000 after buying an additional 2,521,347 shares during the period. Mackenzie Financial Corp grew its position in Alamos Gold by 6.3% during the third quarter. Mackenzie Financial Corp now owns 9,547,541 shares of the basic materials company’s stock worth $332,724,000 after buying an additional 567,926 shares in the last quarter. Finally, Norges Bank acquired a new stake in Alamos Gold during the second quarter worth approximately $144,808,000. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

NYSE:AGI opened at $44.38 on Wednesday. The stock’s 50-day simple moving average is $44.86 and its 200 day simple moving average is $38.85. The firm has a market capitalization of $18.63 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 0.56 and a beta of 0.54. The company has a quick ratio of 1.60, a current ratio of 2.00 and a debt-to-equity ratio of 0.05. Alamos Gold Inc. has a twelve month low of $23.49 and a twelve month high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.49 by $0.05. The firm had revenue of $575.30 million during the quarter, compared to the consensus estimate of $596.18 million. Alamos Gold had a return on equity of 14.83% and a net margin of 48.97%.The business’s quarterly revenue was up 53.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 earnings per share. On average, analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, March 12th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. Alamos Gold’s dividend payout ratio is currently 7.62%.

Analyst Upgrades and Downgrades

A number of research firms have commented on AGI. Jefferies Financial Group restated a “buy” rating and set a $49.00 price objective on shares of Alamos Gold in a research note on Sunday, December 7th. Wall Street Zen cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Alamos Gold in a research note on Monday, December 29th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research report on Wednesday, February 4th. Finally, Scotiabank increased their price objective on shares of Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Alamos Gold presently has an average rating of “Buy” and an average price target of $45.50.

Alamos Gold Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.