PCJ Investment Counsel Ltd. trimmed its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 21.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,750 shares of the basic materials company's stock after selling 17,520 shares during the period. PCJ Investment Counsel Ltd.'s holdings in Alamos Gold were worth $1,193,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Old West Investment Management LLC lifted its stake in shares of Alamos Gold by 11.0% in the 3rd quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company's stock valued at $9,689,000 after purchasing an additional 48,128 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Alamos Gold by 59.0% in the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock valued at $142,936,000 after purchasing an additional 2,867,027 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Alamos Gold in the 3rd quarter valued at approximately $793,000. Canoe Financial LP bought a new stake in shares of Alamos Gold in the 4th quarter valued at approximately $4,066,000. Finally, National Bank of Canada FI lifted its stake in shares of Alamos Gold by 18.4% in the 3rd quarter. National Bank of Canada FI now owns 1,529,315 shares of the basic materials company's stock valued at $30,492,000 after purchasing an additional 237,278 shares during the last quarter. 64.33% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on AGI shares. National Bank Financial raised Alamos Gold from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, December 3rd. Royal Bank of Canada raised their price target on Alamos Gold from $25.00 to $27.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $26.06.
View Our Latest Report on Alamos Gold
Alamos Gold Stock Up 2.6 %
NYSE AGI traded up $0.62 on Wednesday, reaching $24.57. 3,652,198 shares of the stock traded hands, compared to its average volume of 2,290,201. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The company has a fifty day moving average price of $21.41 and a 200-day moving average price of $20.11. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 0.40 and a beta of 1.15. Alamos Gold Inc. has a 12 month low of $13.06 and a 12 month high of $24.65.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The business had revenue of $375.80 million during the quarter, compared to analyst estimates of $388.06 million. As a group, research analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.
Alamos Gold Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $0.025 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.41%. Alamos Gold's dividend payout ratio is presently 14.49%.
Alamos Gold Company Profile
(
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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