Driehaus Capital Management LLC Boosts Holdings in Alamos Gold Inc. (NYSE:AGI)

Driehaus Capital Management LLC boosted its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,549,393 shares of the basic materials company's stock after purchasing an additional 51,670 shares during the period. Driehaus Capital Management LLC owned about 0.61% of Alamos Gold worth $47,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AGI. Dimensional Fund Advisors LP raised its position in shares of Alamos Gold by 296.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock worth $136,011,000 after acquiring an additional 5,516,186 shares during the period. Norges Bank acquired a new position in shares of Alamos Gold in the fourth quarter worth about $100,694,000. CIBC Asset Management Inc raised its position in shares of Alamos Gold by 59.0% in the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock worth $142,936,000 after acquiring an additional 2,867,027 shares during the period. Addenda Capital Inc. acquired a new position in shares of Alamos Gold in the fourth quarter worth about $34,869,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Alamos Gold in the fourth quarter worth about $28,950,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Price Performance

NYSE AGI traded down $2.16 during trading hours on Monday, hitting $24.89. 4,674,316 shares of the company's stock traded hands, compared to its average volume of 2,671,326. Alamos Gold Inc. has a 52-week low of $15.01 and a 52-week high of $31.00. The company has a market capitalization of $10.47 billion, a PE ratio of 36.07, a PEG ratio of 0.40 and a beta of 0.60. 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's 50-day moving average is $26.61 and its 200-day moving average is $22.34.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings data 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). Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The business had revenue of $333.00 million for the quarter, compared to analysts' expectations of $324.98 million. During the same period in the prior year, the company posted $0.13 EPS. The firm's revenue was up 20.0% on a year-over-year basis. Equities analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.40%. Alamos Gold's dividend payout ratio is presently 16.13%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AGI shares. Bank of America cut their target price on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. StockNews.com cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Finally, Royal Bank of Canada boosted their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Alamos Gold currently has a consensus rating of "Moderate Buy" and a consensus 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.