Gilder Gagnon Howe & Co. LLC Has $7.85 Million Stock Position in Alamos Gold Inc. (NYSE:AGI)

Gilder Gagnon Howe & Co. LLC reduced its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 425,891 shares of the basic materials company’s stock after selling 6,608 shares during the quarter. Gilder Gagnon Howe & Co. LLC’s holdings in Alamos Gold were worth $7,853,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 856 shares during the period. R Squared Ltd bought a new position in Alamos Gold during the fourth quarter valued at about $61,000. Cutler Capital Management LLC acquired a new position in Alamos Gold in the 4th quarter valued at approximately $108,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Alamos Gold in the 4th quarter worth approximately $136,000. 64.33% of the stock is owned by institutional investors.

Alamos Gold Price Performance

NYSE:AGI opened at $27.96 on Friday. The firm has a market cap of $11.76 billion, a PE ratio of 40.52, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. The company’s 50-day moving average price is $25.83 and its two-hundred day moving average price is $21.87. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. Alamos Gold Inc. has a 12 month low of $14.64 and a 12 month high of $31.00.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The business had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. On average, equities analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold’s dividend payout ratio is presently 14.49%.

Analysts Set New Price Targets

A number of research analysts recently commented on AGI shares. Scotiabank restated an “outperform” rating on shares of Alamos Gold in a research note on Monday, April 14th. StockNews.com raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Tuesday, April 15th. Royal Bank of Canada upped their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. Finally, Bank of America lowered their price objective on Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $30.38.

Alamos Gold Company 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.