Alamos Gold Inc. $AGI Shares Acquired by PCJ Investment Counsel Ltd.

PCJ Investment Counsel Ltd. boosted its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 37.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,740 shares of the basic materials company’s stock after purchasing an additional 23,560 shares during the quarter. PCJ Investment Counsel Ltd.’s holdings in Alamos Gold were worth $2,282,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. purchased a new position in Alamos Gold during the 1st quarter worth $37,738,000. Goldman Sachs Group Inc. boosted its stake in shares of Alamos Gold by 105.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock worth $64,032,000 after buying an additional 1,227,695 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Alamos Gold by 19.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,866,755 shares of the basic materials company’s stock worth $156,780,000 after buying an additional 957,359 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Alamos Gold during the first quarter worth about $24,011,000. Finally, Canada Pension Plan Investment Board increased its position in Alamos Gold by 50.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,972,249 shares of the basic materials company’s stock valued at $52,705,000 after acquiring an additional 665,485 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AGI has been the subject of a number of recent research reports. National Bankshares reaffirmed an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, August 5th. BMO Capital Markets restated an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, September 16th. CIBC reiterated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Weiss Ratings restated a “buy (b)” rating on shares of Alamos Gold in a research report on Wednesday, October 8th. Finally, TD Securities restated a “buy” rating on shares of Alamos Gold in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Alamos Gold currently has a consensus rating of “Buy” and an average target price of $41.00.

Alamos Gold Trading Up 1.8%

Shares of AGI stock opened at $30.99 on Friday. The business’s fifty day moving average price is $32.81 and its 200 day moving average price is $28.70. The firm has a market capitalization of $13.04 billion, a PE ratio of 24.21, a P/E/G ratio of 0.50 and a beta of 0.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00. Alamos Gold Inc. has a 1-year low of $17.42 and a 1-year high of $37.54.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, October 29th. The basic materials company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. Alamos Gold had a net margin of 33.46% and a return on equity of 12.69%. The company had revenue of $462.30 million for the quarter, compared to analyst estimates of $490.96 million. During the same period in the previous year, the firm earned $0.19 EPS. The business’s revenue was up 28.1% on a year-over-year basis. As a group, sell-side analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. Alamos Gold’s dividend payout ratio (DPR) is 7.81%.

Alamos Gold Company 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.