Pembroke Management LTD Sells 16,662 Shares of Alamos Gold Inc. $AGI

Pembroke Management LTD reduced its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 43.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,056 shares of the basic materials company’s stock after selling 16,662 shares during the period. Pembroke Management LTD’s holdings in Alamos Gold were worth $586,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Ameritas Advisory Services LLC bought a new stake in shares of Alamos Gold in the second quarter valued at approximately $30,000. Banque Transatlantique SA bought a new stake in Alamos Gold in the 1st quarter valued at $31,000. SBI Securities Co. Ltd. grew its position in Alamos Gold by 67.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 660 shares during the last quarter. SVB Wealth LLC bought a new position in shares of Alamos Gold during the 1st quarter worth about $67,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of Alamos Gold during the 1st quarter worth about $68,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AGI shares. BMO Capital Markets reiterated an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, September 16th. Bank of America raised their price objective on Alamos Gold from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Weiss Ratings raised Alamos Gold from a “buy (b)” rating to a “buy (a)” rating in a report on Friday. Scotiabank restated an “outperform” rating on shares of Alamos Gold in a research report on Thursday, October 23rd. Finally, Zacks Research cut Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $41.00.

Alamos Gold Trading Up 4.9%

Shares of AGI opened at $32.52 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The stock has a market cap of $13.68 billion, a PE ratio of 25.41, a PEG ratio of 0.50 and a beta of 0.50. Alamos Gold Inc. has a 1 year low of $17.42 and a 1 year high of $37.54. The stock has a 50 day simple moving average of $32.85 and a 200-day simple moving average of $28.73.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. Alamos Gold had a return on equity of 12.69% and a net margin of 33.46%.The firm had revenue of $462.30 million for the quarter, compared to analysts’ expectations of $490.96 million. During the same period in the prior year, the business posted $0.19 earnings per share. The business’s revenue was up 28.1% compared to the same quarter last year. On average, sell-side analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

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

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.