Ardsley Advisory Partners LP Has $9.68 Million Stake in Alamos Gold Inc. (NYSE:AGI)

Ardsley Advisory Partners LP raised its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 31.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 525,000 shares of the basic materials company's stock after purchasing an additional 125,000 shares during the period. Alamos Gold accounts for approximately 1.5% of Ardsley Advisory Partners LP's investment 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 quarter.

Several other hedge funds have also recently modified their holdings of AGI. Barclays PLC grew its holdings in Alamos Gold by 46.6% during the third quarter. Barclays PLC now owns 322,402 shares of the basic materials company's stock worth $6,428,000 after acquiring an additional 102,525 shares during the period. Geode Capital Management LLC grew its stake in shares of Alamos Gold by 11.1% in the 3rd quarter. Geode Capital Management LLC now owns 299,612 shares of the basic materials company's stock valued at $6,224,000 after buying an additional 29,933 shares during the period. Virtu Financial LLC acquired a new position in shares of Alamos Gold in the 3rd quarter valued at $724,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Alamos Gold during the third quarter valued at about $413,000. Finally, Tidal Investments LLC boosted its holdings in Alamos Gold by 267.0% during the 3rd quarter. Tidal Investments LLC now owns 68,735 shares of the basic materials company's stock valued at $1,371,000 after acquiring an additional 50,005 shares during the period. Institutional investors and hedge funds own 64.33% of the company's stock.

Alamos Gold Stock Performance

Shares of AGI stock traded up $1.57 during trading hours on Tuesday, reaching $27.27. The stock had a trading volume of 6,101,191 shares, compared to its average volume of 2,639,346. Alamos Gold Inc. has a twelve month low of $15.01 and a twelve month high of $31.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The firm has a market capitalization of $11.47 billion, a PE ratio of 39.52, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. The firm has a 50-day simple moving average of $26.28 and a 200-day simple moving average of $22.17.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). The company had revenue of $333.00 million for the quarter, compared to analyst estimates of $324.98 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The firm's revenue for the quarter was up 20.0% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share. As a group, equities analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's payout ratio is presently 16.13%.

Analysts Set New Price Targets

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

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.