Alamos Gold Inc. (NYSE:AGI) shares fell 4% during trading on Friday . The stock traded as low as $8.05 and last traded at $8.08, with a volume of 2,526,747 shares traded. The stock had previously closed at $8.42.

Several brokerages recently commented on AGI. Raymond James Financial Inc. upgraded shares of Alamos Gold from a “market perform” rating to an “outperform” rating in a report on Monday, June 27th. National Bank Financial lowered shares of Alamos Gold from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $12.00 to $13.00 in a research report on Wednesday, July 13th. Desjardins lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. TD Securities restated a “hold” rating and issued a $11.50 price target (up from $10.00) on shares of Alamos Gold in a research report on Saturday, August 13th. Finally, Zacks Investment Research lowered shares of Alamos Gold from a “hold” rating to a “sell” rating in a research report on Tuesday, September 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $9.03.

The stock’s market cap is $2.11 billion. The company’s 50-day moving average price is $8.53 and its 200-day moving average price is $7.29.

Alamos Gold (NYSE:AGI) last announced its quarterly earnings results on Wednesday, August 10th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm earned $120.10 million during the quarter, compared to analysts’ expectations of $129.13 million. Alamos Gold had a negative net margin of 21.64% and a negative return on equity of 3.73%. The company’s revenue for the quarter was up 68.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.11) earnings per share. Equities research analysts predict that Alamos Gold Inc. will post $0.04 EPS for the current year.

A number of hedge funds have recently made changes to their positions in AGI. Bank of Nova Scotia boosted its stake in shares of Alamos Gold by 0.6% in the second quarter. Bank of Nova Scotia now owns 120,405 shares of the company’s stock worth $1,035,000 after buying an additional 752 shares in the last quarter. World Asset Management Inc raised its position in shares of Alamos Gold by 8.4% in the second quarter. World Asset Management Inc now owns 16,435 shares of the company’s stock valued at $141,000 after buying an additional 1,274 shares during the last quarter. CIBC World Markets Inc. raised its position in shares of Alamos Gold by 1.3% in the first quarter. CIBC World Markets Inc. now owns 105,678 shares of the company’s stock valued at $559,000 after buying an additional 1,385 shares during the last quarter. Aristotle Capital Boston LLC raised its position in shares of Alamos Gold by 2.5% in the second quarter. Aristotle Capital Boston LLC now owns 290,632 shares of the company’s stock valued at $2,499,000 after buying an additional 6,956 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Alamos Gold by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 320,314 shares of the company’s stock valued at $2,755,000 after buying an additional 7,808 shares during the last quarter. Hedge funds and other institutional investors own 61.91% of the company’s stock.

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.

5 Day Chart for NYSE:AGI

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