Swiss National Bank Decreases Stake in Alamos Gold Inc. (NYSE:AGI)

Swiss National Bank cut its holdings in shares of Alamos Gold Inc. (NYSE:AGIGet Rating) (TSE:AGI) by 0.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 929,936 shares of the basic materials company’s stock after selling 4,100 shares during the quarter. Swiss National Bank’s holdings in Alamos Gold were worth $6,512,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. CIBC Asset Management Inc raised its position in Alamos Gold by 1.1% during the 1st quarter. CIBC Asset Management Inc now owns 528,134 shares of the basic materials company’s stock worth $4,441,000 after buying an additional 5,676 shares during the last quarter. Seven Eight Capital LP purchased a new position in Alamos Gold during the 1st quarter worth approximately $1,839,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in Alamos Gold by 9.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 384,562 shares of the basic materials company’s stock worth $2,700,000 after buying an additional 33,440 shares during the last quarter. Mudita Advisors LLP raised its position in Alamos Gold by 60.0% during the 1st quarter. Mudita Advisors LLP now owns 800,000 shares of the basic materials company’s stock worth $6,736,000 after buying an additional 300,000 shares during the last quarter. Finally, Parametrica Management Ltd purchased a new position in Alamos Gold during the 1st quarter worth approximately $224,000. 50.89% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Stock Up 3.3 %

Shares of AGI opened at $9.75 on Thursday. Alamos Gold Inc. has a 52-week low of $6.35 and a 52-week high of $9.79. The firm’s fifty day moving average is $7.86 and its two-hundred day moving average is $7.59. The stock has a market cap of $3.83 billion, a PE ratio of 121.89, a price-to-earnings-growth ratio of 4.18 and a beta of 1.02.

Alamos Gold (NYSE:AGIGet Rating) (TSE:AGI) last announced its earnings results on Thursday, October 27th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The company had revenue of $213.60 million for the quarter, compared to analysts’ expectations of $210.80 million. Alamos Gold had a net margin of 3.28% and a return on equity of 4.13%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 EPS. As a group, research analysts anticipate that Alamos Gold Inc. will post 0.27 earnings per share for the current year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Tuesday, December 6th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, December 5th. This represents a $0.10 annualized dividend and a dividend yield of 1.03%. Alamos Gold’s payout ratio is 125.02%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. National Bank Financial lifted their target price on shares of Alamos Gold from C$12.50 to C$13.00 in a report on Thursday, October 13th. Scotiabank raised shares of Alamos Gold from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $10.00 to $11.00 in a report on Tuesday. TheStreet lowered shares of Alamos Gold from a “b-” rating to a “c+” rating in a report on Thursday, September 15th. Finally, StockNews.com initiated coverage on shares of Alamos Gold in a report on Wednesday, October 12th. They set a “hold” rating for the company. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $12.61.

Alamos Gold Profile

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See Also

Want to see what other hedge funds are holding AGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alamos Gold Inc. (NYSE:AGIGet Rating) (TSE:AGI).

Institutional Ownership by Quarter for Alamos Gold (NYSE:AGI)

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