Pembroke Management LTD Has $709,000 Stock Position in Alamos Gold Inc. (NYSE:AGI)

Pembroke Management LTD cut its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,452 shares of the basic materials company’s stock after selling 4,030 shares during the period. Pembroke Management LTD’s holdings in Alamos Gold were worth $709,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. CIBC Asset Management Inc increased its holdings in 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 worth $142,936,000 after purchasing an additional 2,867,027 shares in the last quarter. FMR LLC increased its stake in shares of Alamos Gold by 50.8% in the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after buying an additional 2,148,153 shares during the period. Addenda Capital Inc. bought a new position in Alamos Gold in the 4th quarter valued at approximately $34,869,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Alamos Gold by 19.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock valued at $110,662,000 after buying an additional 891,255 shares during the last quarter. Finally, Generate Investment Management Ltd boosted its position in Alamos Gold by 120.8% during the 4th quarter. Generate Investment Management Ltd now owns 818,945 shares of the basic materials company’s stock worth $15,101,000 after buying an additional 448,074 shares during the period. 64.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AGI. Royal Bank of Canada upped their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Finally, StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $26.06.

Alamos Gold Trading Down 3.4 %

AGI opened at $22.28 on Tuesday. Alamos Gold Inc. has a twelve month low of $11.34 and a twelve month high of $23.32. The company has a fifty day moving average of $19.91 and a 200-day moving average of $19.53. The stock has a market cap of $9.37 billion, a PE ratio of 37.14, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.45%. Alamos Gold’s payout ratio is currently 16.67%.

Alamos Gold Profile

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.