PCJ Investment Counsel Ltd. Sells 143,820 Shares of Alamos Gold Inc. (NYSE:AGI)

PCJ Investment Counsel Ltd. reduced its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 63.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 quarter.

Several other hedge funds have also recently bought and sold shares of AGI. Russell Investments Group Ltd. increased its stake in shares of Alamos Gold by 66.2% in the 1st quarter. Russell Investments Group Ltd. now owns 191,746 shares of the basic materials company’s stock valued at $2,829,000 after acquiring an additional 76,379 shares during the last quarter. Vanguard Group Inc. raised its stake in Alamos Gold by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 14,669,249 shares of the basic materials company’s stock valued at $216,371,000 after acquiring an additional 250,207 shares during the period. O Shaughnessy Asset Management LLC raised its stake in Alamos Gold by 11.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 157,438 shares of the basic materials company’s stock valued at $2,322,000 after acquiring an additional 16,301 shares during the period. National Bank of Canada FI increased its position in Alamos Gold by 3.4% during the 1st quarter. National Bank of Canada FI now owns 1,394,930 shares of the basic materials company’s stock worth $21,824,000 after buying an additional 45,412 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its position in Alamos Gold by 131.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 97,403 shares of the basic materials company’s stock worth $1,434,000 after buying an additional 55,352 shares during the period. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Stock Up 2.6 %

AGI stock opened at $18.80 on Wednesday. Alamos Gold Inc. has a twelve month low of $11.24 and a twelve month high of $21.45. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The firm has a market cap of $7.90 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 0.79 and a beta of 1.19. The business has a 50 day moving average of $19.91 and a 200 day moving average of $18.03.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The firm had revenue of $360.90 million during the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. On average, research analysts forecast that Alamos Gold Inc. will post 0.76 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.53%. Alamos Gold’s dividend payout ratio (DPR) is currently 16.67%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. Royal Bank of Canada lifted their target price on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. 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. Finally, Scotiabank lifted their target price on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Alamos Gold currently has an average rating of “Moderate Buy” and an average target price of $25.06.

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.