Alamos Gold Inc. $AGI Stock Position Raised 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 raised its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 4.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm 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 about 2.8% of Ardsley Advisory Partners LP's holdings, making the stock its 5th biggest position. Ardsley Advisory Partners LP owned about 0.13% of Alamos Gold worth $14,707,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

AGI has been the subject of several research analyst reports. CIBC restated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Stifel Nicolaus initiated coverage on Alamos Gold in a research note on Wednesday, July 9th. They set a "buy" rating for the company. Stifel Canada raised Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. National Bankshares reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, August 5th. Finally, Wall Street Zen lowered Alamos Gold from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Two investment 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.com, the stock presently has an average rating of "Buy" and an average price target of $30.38.

Alamos Gold Stock Up 2.8%

NYSE AGI traded up $0.89 during trading hours on Monday, hitting $33.08. 1,647,790 shares of the company traded hands, compared to its average volume of 3,450,696. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.49. Alamos Gold Inc. has a twelve month low of $17.42 and a twelve month high of $33.03. The business's 50-day moving average is $27.05 and its 200-day moving average is $26.45. The stock has a market capitalization of $13.91 billion, a price-to-earnings ratio of 39.73, a P/E/G ratio of 0.70 and a beta of 0.55.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly 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 during the quarter, compared to analysts' expectations of $400.61 million. During the same period last year, the firm posted $0.24 EPS. The firm's revenue for the quarter was up 31.7% compared to the same quarter last year. Sell-side analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be issued 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 of this dividend is Thursday, September 11th. Alamos Gold's payout ratio is currently 12.05%.

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.