TD Asset Management Inc. boosted its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 10.5% during the second quarter, Holdings Channel reports. The fund owned 2,697,486 shares of the basic materials company’s stock after buying an additional 256,527 shares during the period. TD Asset Management Inc.’s holdings in Alamos Gold were worth $19,109,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AGI. Comerica Bank boosted its position in Alamos Gold by 1.6% in the first quarter. Comerica Bank now owns 15,265 shares of the basic materials company’s stock worth $108,000 after buying an additional 234 shares during the last quarter. World Asset Management Inc boosted its position in 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 worth $131,000 after buying an additional 58 shares during the last quarter. Bbva Compass Bancshares Inc. boosted its position in Alamos Gold by 27.2% in the first quarter. Bbva Compass Bancshares Inc. now owns 19,128 shares of the basic materials company’s stock worth $154,000 after buying an additional 4,090 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in 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 worth $155,000 after buying an additional 594 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Alamos Gold by 115.5% in the first quarter. Tower Research Capital LLC TRC now owns 20,929 shares of the basic materials company’s stock worth $168,000 after buying an additional 11,217 shares during the last quarter. 66.93% of the stock is owned by institutional investors.

Shares of Alamos Gold Inc. (NYSE AGI) opened at 7.93 on Friday. The stock’s market cap is $2.38 billion. The stock’s 50 day moving average is $7.09 and its 200-day moving average is $7.37. Alamos Gold Inc. has a 1-year low of $5.95 and a 1-year high of $9.30.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. The business had revenue of $131.30 million during 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 quarter last year, the firm posted ($0.01) EPS. On average, analysts predict that Alamos Gold Inc. will post $0.10 EPS for the current fiscal year.

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A number of research firms have weighed in on AGI. BidaskClub raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $9.00 price objective on shares of Alamos Gold in a report on Wednesday, May 24th. Zacks Investment Research raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Alamos Gold in a report on Sunday, July 23rd. Finally, ValuEngine cut shares of Alamos Gold from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $10.88.

Alamos Gold Company Profile

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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Institutional Ownership by Quarter for Alamos Gold (NYSE:AGI)

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