Alamos Gold Inc. $AGI Shares Sold by Ardsley Advisory Partners LP

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

A number of other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC increased its stake in shares of Alamos Gold by 7,791.0% during the fourth quarter. AQR Capital Management LLC now owns 825,952 shares of the basic materials company’s stock worth $31,894,000 after acquiring an additional 815,485 shares during the period. Stansberry Asset Management LLC purchased a new stake in shares of Alamos Gold in the fourth quarter valued at about $1,124,000. Trexquant Investment LP purchased a new stake in shares of Alamos Gold in the fourth quarter valued at about $10,540,000. Amundi lifted its stake in shares of Alamos Gold by 8.4% during the fourth quarter. Amundi now owns 3,213,738 shares of the basic materials company’s stock valued at $123,986,000 after buying an additional 249,314 shares during the period. Finally, FIL Ltd lifted its stake in shares of Alamos Gold by 17.3% during the fourth quarter. FIL Ltd now owns 1,714,636 shares of the basic materials company’s stock valued at $66,209,000 after buying an additional 252,593 shares during the period. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Price Performance

Shares of AGI stock opened at $37.33 on Thursday. The company has a market capitalization of $15.65 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 0.50 and a beta of 0.49. The firm has a fifty day simple moving average of $41.59 and a 200-day simple moving average of $42.17. 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 twelve month low of $23.92 and a twelve month high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, meeting the consensus estimate 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 period in the prior year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was up 79.2% compared to the same quarter last year. Equities research analysts anticipate that Alamos Gold Inc. will post 2.46 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Thursday, June 11th. Alamos Gold’s dividend payout ratio is 6.37%.

Analyst Ratings Changes

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

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.