PCJ Investment Counsel Ltd. Trims Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

PCJ Investment Counsel Ltd. cut its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 21.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,750 shares of the basic materials company’s stock after selling 17,520 shares during the quarter. PCJ Investment Counsel Ltd.’s holdings in Alamos Gold were worth $1,193,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AGI. Old West Investment Management LLC raised its stake in shares of Alamos Gold by 11.0% during 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 buying an additional 48,128 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Alamos Gold by 59.0% during 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 during the last quarter. CWA Asset Management Group LLC acquired a new position in Alamos Gold in the third quarter valued at approximately $793,000. Canoe Financial LP acquired a new position in Alamos Gold during the fourth quarter worth $4,066,000. Finally, National Bank of Canada FI lifted its stake in Alamos Gold by 18.4% during the third quarter. National Bank of Canada FI now owns 1,529,315 shares of the basic materials company’s stock worth $30,492,000 after purchasing an additional 237,278 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on AGI shares. Royal Bank of Canada increased their target price on Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alamos Gold has a consensus rating of “Buy” and an average price target of $26.06.

Alamos Gold Stock Down 0.1 %

Shares of NYSE:AGI opened at $23.87 on Friday. The firm has a market cap of $10.03 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 0.40 and a beta of 1.16. Alamos Gold Inc. has a 12-month low of $13.06 and a 12-month high of $24.59. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The stock’s 50-day moving average price is $21.21 and its two-hundred day moving average price is $20.05.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $388.06 million. On average, research analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.42%. Alamos Gold’s dividend payout ratio (DPR) is 14.49%.

About Alamos Gold

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.