PCJ Investment Counsel Ltd. lowered its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 63.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 82,270 shares of the basic materials company's stock after selling 143,820 shares during the quarter. PCJ Investment Counsel Ltd.'s holdings in Alamos Gold were worth $1,640,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Baldwin Brothers LLC MA bought a new position in shares of Alamos Gold during the second quarter worth about $47,000. Hara Capital LLC acquired a new position in Alamos Gold during the third quarter valued at approximately $47,000. Daiwa Securities Group Inc. acquired a new position in Alamos Gold during the second quarter worth $48,000. Employees Retirement System of Texas acquired a new position in shares of Alamos Gold in the second quarter valued at about $88,000. Finally, Eastern Bank bought a new stake in Alamos Gold during the 3rd quarter worth approximately $111,000. Hedge funds and other institutional investors own 64.33% of the company's stock.
Alamos Gold Stock Performance
Shares of NYSE AGI traded down $0.15 during midday trading on Wednesday, hitting $18.64. The company's stock had a trading volume of 787,820 shares, compared to its average volume of 2,368,310. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a one year low of $11.24 and a one year high of $21.45. The firm has a market capitalization of $7.83 billion, a price-to-earnings ratio of 31.33, a P/E/G ratio of 0.79 and a beta of 1.19. The stock has a fifty day moving average price of $19.91 and a 200 day moving average price of $18.05.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The business had revenue of $360.90 million during the quarter. On average, research analysts forecast that Alamos Gold Inc. will post 0.76 EPS for the current fiscal year.
Alamos Gold Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Thursday, September 12th. Alamos Gold's payout ratio is 16.67%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. National Bank Financial cut Alamos Gold from a "strong-buy" rating to a "hold" rating in a research note on Sunday, September 8th. StockNews.com downgraded Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. 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, Jefferies Financial Group raised their price objective on Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, October 4th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Alamos Gold has an average rating of "Moderate Buy" and an average target price of $25.06.
Read Our Latest Research Report on AGI
About Alamos Gold
(
Free Report)
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.
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