Ardsley Advisory Partners LP Sells 25,000 Shares of Alamos Gold Inc. $AGI

Ardsley Advisory Partners LP reduced its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 7.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 300,000 shares of the basic materials company’s stock after selling 25,000 shares during the period. Alamos Gold comprises 1.3% of Ardsley Advisory Partners LP’s portfolio, making the stock its 26th biggest position. Ardsley Advisory Partners LP owned about 0.07% of Alamos Gold worth $11,574,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AGI. Atlantic Union Bankshares Corp bought a new stake in shares of Alamos Gold during the fourth quarter valued at approximately $25,000. Clearstead Advisors LLC raised its stake in Alamos Gold by 62.8% in the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after buying an additional 251 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Alamos Gold by 44.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 222 shares in the last quarter. Bayforest Capital Ltd acquired a new position in shares of Alamos Gold during the fourth quarter worth $44,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Alamos Gold by 69.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 581 shares in the last quarter. 64.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Weiss Ratings lowered shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $50.67.

Alamos Gold Stock Down 2.8%

AGI stock opened at $37.33 on Thursday. The firm has a 50-day moving average of $41.59 and a two-hundred day moving average of $42.17. The company has a market cap of $15.65 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 0.50 and a beta of 0.49. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05. Alamos Gold Inc. has a 12 month low of $23.92 and a 12 month high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The business had revenue of $596.70 million during the quarter, compared to the consensus estimate of $612.35 million. During the same quarter last year, the firm earned $0.14 EPS. The business’s revenue was up 79.2% compared to the same quarter last year. As a group, analysts forecast that Alamos Gold Inc. will post 2.46 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, June 11th. Alamos Gold’s dividend payout ratio (DPR) is currently 6.37%.

About Alamos Gold

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.