Ardsley Advisory Partners LP Buys 125,000 Shares of Alamos Gold Inc. (NYSE:AGI)

Ardsley Advisory Partners LP lifted its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 31.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 525,000 shares of the basic materials company's stock after purchasing an additional 125,000 shares during the period. Alamos Gold comprises approximately 1.5% of Ardsley Advisory Partners LP's portfolio, making the stock its 17th biggest holding. Ardsley Advisory Partners LP owned about 0.12% of Alamos Gold worth $9,681,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Veracity Capital LLC raised its holdings in Alamos Gold by 3.2% in the 4th quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company's stock worth $416,000 after purchasing an additional 694 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Alamos Gold by 1.2% in the 4th quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company's stock valued at $1,342,000 after purchasing an additional 854 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock valued at $46,000 after buying an additional 856 shares during the period. Wilmington Savings Fund Society FSB grew its position in shares of Alamos Gold by 4.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company's stock worth $400,000 after buying an additional 1,000 shares during the period. Finally, Blue Trust Inc. boosted its stake in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after acquiring an additional 1,157 shares in the last quarter. Institutional investors own 64.33% of the company's stock.

Alamos Gold Stock Performance

AGI stock traded down $0.59 during midday trading on Thursday, reaching $26.55. 1,477,771 shares of the company's stock traded hands, compared to its average volume of 2,643,258. The stock's 50-day moving average is $26.46 and its 200 day moving average is $22.24. The stock has a market cap of $11.16 billion, a P/E ratio of 38.48, a PEG ratio of 0.40 and a beta of 0.60. Alamos Gold Inc. has a 52-week low of $15.01 and a 52-week high of $31.00. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). The company had revenue of $333.00 million for the quarter, compared to the consensus estimate of $324.98 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The business's revenue for the quarter was up 20.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 EPS. As a group, analysts anticipate 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 was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $0.025 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.38%. Alamos Gold's dividend payout ratio (DPR) is presently 16.13%.

Wall Street Analysts Forecast Growth

Several research firms have commented on AGI. StockNews.com downgraded Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Royal Bank of Canada boosted their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Finally, Bank of America decreased their price target on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.38.

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.