Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $10.50.

AGI has been the topic of a number of research reports. Raymond James Financial, Inc. restated an “ourperform” rating and issued a $12.00 price target on shares of Alamos Gold in a report on Thursday, June 15th. Royal Bank Of Canada restated a “hold” rating and issued a $9.00 price target on shares of Alamos Gold in a report on Wednesday, May 24th. ValuEngine lowered Alamos Gold from a “hold” rating to a “sell” rating in a report on Monday, September 11th. National Bank Financial restated an “outperform market weight” rating on shares of Alamos Gold in a report on Sunday, July 23rd. Finally, BidaskClub lowered Alamos Gold from a “hold” rating to a “sell” rating in a report on Friday, July 7th.

Several large investors have recently added to or reduced their stakes in the stock. World Asset Management Inc increased its position in shares of Alamos Gold by 0.4% in the first quarter. World Asset Management Inc now owns 16,354 shares of the basic materials company’s stock valued at $131,000 after acquiring an additional 58 shares during the last quarter. Comerica Bank increased its position in shares of Alamos Gold by 1.6% in the first quarter. Comerica Bank now owns 15,265 shares of the basic materials company’s stock valued at $108,000 after acquiring an additional 234 shares during the last quarter. Stifel Financial Corp increased its position in shares of Alamos Gold by 1.6% in the first quarter. Stifel Financial Corp now owns 34,836 shares of the basic materials company’s stock valued at $277,000 after acquiring an additional 553 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Alamos Gold by 3.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 19,353 shares of the basic materials company’s stock valued at $155,000 after acquiring an additional 594 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Alamos Gold by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 507,684 shares of the basic materials company’s stock valued at $4,077,000 after acquiring an additional 2,198 shares during the last quarter. 63.27% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Alamos Gold (NYSE AGI) traded down 1.33% on Friday, reaching $7.40. The company’s stock had a trading volume of 5,094,209 shares. Alamos Gold has a 1-year low of $5.95 and a 1-year high of $9.00. The company’s 50 day moving average is $7.76 and its 200-day moving average is $7.32. The stock’s market cap is $2.22 billion.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The company had revenue of $131.30 million for the quarter, compared to analyst estimates of $125.71 million. Alamos Gold had a positive return on equity of 0.44% and a negative net margin of 2.61%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.01) earnings per share. On average, equities analysts predict that Alamos Gold will post $0.09 earnings per share for the current fiscal year.

About Alamos Gold

Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.

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