Alamos Gold Inc. $AGI Stock Holdings Boosted by Ardsley Advisory Partners LP

Key Points

• Ardsley Advisory Partners LP increased its stake in Alamos Gold Inc. by 4.8%, making it the firm's 5th largest position at about 2.8% of their portfolio, valued at approximately $14.7 million.
• Major institutional investors like Vanguard Group and Connor Clark & Lunn Investment Management have also boosted their holdings in Alamos Gold, contributing to a 64.33% ownership by hedge funds and institutional investors.
• Analysts have mixed ratings on Alamos Gold, with a consensus of "Buy" and an average target price of $30.38, while the company recently announced a quarterly dividend of $0.025.

Ardsley Advisory Partners LP boosted its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 4.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 550,000 shares of the basic materials company's stock after acquiring an additional 25,000 shares during the quarter. Alamos Gold accounts for 2.8% of Ardsley Advisory Partners LP's portfolio, making the stock its 5th biggest holding. Ardsley Advisory Partners LP owned 0.13% of Alamos Gold worth $14,707,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Alamos Gold by 1.3% in the first quarter. Vanguard Group Inc. now owns 16,210,671 shares of the basic materials company's stock worth $433,133,000 after acquiring an additional 214,933 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Alamos Gold by 2.0% in the 4th quarter. Mackenzie Financial Corp now owns 7,371,629 shares of the basic materials company's stock valued at $135,855,000 after purchasing an additional 145,726 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Alamos Gold by 19.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,866,755 shares of the basic materials company's stock valued at $156,780,000 after purchasing an additional 957,359 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Alamos Gold by 4.9% in the first quarter. American Century Companies Inc. now owns 2,769,539 shares of the basic materials company's stock worth $74,029,000 after buying an additional 129,334 shares during the period. Finally, TD Asset Management Inc raised its holdings in shares of Alamos Gold by 10.4% in the first quarter. TD Asset Management Inc now owns 2,556,335 shares of the basic materials company's stock worth $68,293,000 after buying an additional 240,654 shares during the period. Hedge funds and other institutional investors own 64.33% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on AGI. Stifel Canada upgraded Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Stifel Nicolaus initiated coverage on Alamos Gold in a research report on Wednesday, July 9th. They issued a "buy" rating for the company. Wall Street Zen cut Alamos Gold from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. National Bankshares reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, August 5th. Finally, CIBC reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Alamos Gold currently has an average rating of "Buy" and an average target price of $30.38.

Alamos Gold Price Performance

Shares of Alamos Gold stock traded up $0.66 on Friday, hitting $32.21. The company's stock had a trading volume of 2,933,621 shares, compared to its average volume of 3,107,608. Alamos Gold Inc. has a 1 year low of $17.42 and a 1 year high of $32.50. The firm has a fifty day moving average price of $27.05 and a 200-day moving average price of $26.43. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.49. The company has a market capitalization of $13.54 billion, a price-to-earnings ratio of 38.81, a price-to-earnings-growth ratio of 0.70 and a beta of 0.55.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.The business had revenue of $438.20 million for the quarter, compared to analysts' expectations of $400.61 million. During the same period in the previous year, the firm posted $0.24 EPS. The business's revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Thursday, September 11th. Alamos Gold's dividend payout ratio is 12.05%.

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.