Swiss National Bank Has $62.78 Million Holdings in Alamos Gold Inc. $AGI

Swiss National Bank raised its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 26.8% in the first quarter, Holdings Channel reports. The firm owned 1,413,236 shares of the basic materials company’s stock after buying an additional 298,900 shares during the period. Swiss National Bank’s holdings in Alamos Gold were worth $62,782,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Atlantic Union Bankshares Corp bought a new stake in shares of Alamos Gold in the 4th quarter valued at approximately $25,000. Clearstead Advisors LLC increased its holdings in Alamos Gold by 62.7% in the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after buying an additional 251 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Alamos Gold by 44.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 222 shares in the last quarter. Bayforest Capital Ltd bought a new position in Alamos Gold during the fourth quarter valued at approximately $44,000. Finally, State of Wyoming acquired a new stake in Alamos Gold in the fourth quarter valued at approximately $71,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Bank of America decreased their target price on shares of Alamos Gold from $50.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Scotiabank restated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 14th. Wall Street Zen lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings cut shares of Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research report on Saturday, June 20th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

Alamos Gold Stock Up 4.8%

Shares of Alamos Gold stock opened at $29.51 on Wednesday. Alamos Gold Inc. has a 12-month low of $23.92 and a 12-month high of $55.41. The company has a quick ratio of 1.61, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average price of $34.66 and a two-hundred day moving average price of $40.91. The stock has a market capitalization of $12.35 billion, a P/E ratio of 11.76, a PEG ratio of 0.36 and a beta of 0.55.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The company had revenue of $596.70 million for the quarter, compared to analyst estimates of $612.35 million. During the same quarter last year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was up 79.2% compared to the same quarter last year. Equities analysts expect that Alamos Gold Inc. will post 2.19 earnings per share for the current year.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were paid a $0.04 dividend. The ex-dividend date was Thursday, June 11th. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. Alamos Gold’s dividend payout ratio (DPR) is presently 6.37%.

Alamos Gold Company 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.