Alamos Gold Inc. (AGI) Shares Bought by Alps Advisors Inc.
Alps Advisors Inc. increased its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 74.5% during the second quarter, Holdings Channel reports. The fund owned 2,742,097 shares of the basic materials company’s stock after buying an additional 1,170,633 shares during the period. Alps Advisors Inc.’s holdings in Alamos Gold were worth $19,688,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Alamos Gold by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 505,486 shares of the basic materials company’s stock valued at $3,458,000 after buying an additional 8,285 shares during the last quarter. Norges Bank bought a new stake in shares of Alamos Gold during the fourth quarter valued at approximately $12,125,000. Bank of Montreal Can increased its stake in shares of Alamos Gold by 51.0% in the first quarter. Bank of Montreal Can now owns 628,873 shares of the basic materials company’s stock valued at $5,050,000 after buying an additional 212,537 shares during the last quarter. Hexavest Inc. increased its stake in shares of Alamos Gold by 304.1% in the first quarter. Hexavest Inc. now owns 4,550,702 shares of the basic materials company’s stock valued at $36,519,000 after buying an additional 3,424,639 shares during the last quarter. Finally, ASA Gold & Precious Metals Ltd increased its stake in shares of Alamos Gold by 45.8% in the first quarter. ASA Gold & Precious Metals Ltd now owns 875,000 shares of the basic materials company’s stock valued at $7,016,000 after buying an additional 275,000 shares during the last quarter. 67.83% of the stock is owned by institutional investors and hedge funds.
Shares of Alamos Gold Inc. (NYSE AGI) opened at 7.72 on Wednesday. Alamos Gold Inc. has a 52 week low of $5.95 and a 52 week high of $9.28. The firm has a 50-day moving average of $7.11 and a 200 day moving average of $7.36. The firm’s market cap is $2.32 billion.
Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $131.30 million for the quarter, compared to the consensus estimate of $125.71 million. Alamos Gold had a negative net margin of 2.61% and a positive return on equity of 0.44%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.01) earnings per share. Equities research analysts predict that Alamos Gold Inc. will post $0.10 EPS for the current fiscal year.
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AGI has been the subject of several research analyst reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $9.00 target price on shares of Alamos Gold in a report on Tuesday, April 18th. Zacks Investment Research downgraded shares of Alamos Gold from a “buy” rating to a “sell” rating in a report on Wednesday, May 10th. ValuEngine downgraded shares of Alamos Gold from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. Raymond James Financial, Inc. reiterated an “ourperform” rating and issued a $12.00 price objective on shares of Alamos Gold in a research note on Thursday, June 15th. Finally, BidaskClub upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.31.
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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