Aristotle Capital Boston LLC lowered its position in shares of Alamos Gold Inc (NYSE:AGI) (TSE:AGI) by 44.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 584,313 shares of the basic materials company’s stock after selling 459,125 shares during the quarter. Aristotle Capital Boston LLC owned 0.15% of Alamos Gold worth $3,325,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Moors & Cabot Inc. boosted its stake in Alamos Gold by 24.7% during the first quarter. Moors & Cabot Inc. now owns 49,253 shares of the basic materials company’s stock valued at $257,000 after buying an additional 9,750 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Alamos Gold by 11.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 98,906 shares of the basic materials company’s stock valued at $514,000 after buying an additional 10,500 shares in the last quarter. Barclays PLC boosted its stake in Alamos Gold by 127.3% during the first quarter. Barclays PLC now owns 27,727 shares of the basic materials company’s stock valued at $145,000 after buying an additional 15,528 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Alamos Gold by 24.3% during the first quarter. BNP Paribas Arbitrage SA now owns 80,348 shares of the basic materials company’s stock valued at $291,000 after buying an additional 15,710 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in Alamos Gold by 1.7% during the first quarter. Great West Life Assurance Co. Can now owns 960,577 shares of the basic materials company’s stock valued at $4,986,000 after buying an additional 15,917 shares in the last quarter. 59.78% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on AGI shares. Desjardins raised Alamos Gold from a “hold” rating to a “buy” rating in a report on Thursday, June 7th. TheStreet raised Alamos Gold from a “d+” rating to a “c-” rating in a report on Wednesday, June 6th. Zacks Investment Research raised Alamos Gold from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. Finally, ValuEngine raised Alamos Gold from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Alamos Gold has an average rating of “Hold” and a consensus price target of $8.45.

Shares of NYSE AGI opened at $4.23 on Wednesday. Alamos Gold Inc has a 12 month low of $4.10 and a 12 month high of $8.58. The firm has a market cap of $1.71 billion, a PE ratio of 35.25, a P/E/G ratio of 1.09 and a beta of 0.20.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, August 1st. The basic materials company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Alamos Gold had a net margin of 2.50% and a return on equity of 1.70%. The company had revenue of $169.00 million for the quarter, compared to analysts’ expectations of $164.28 million. During the same period in the prior year, the company earned $0.01 earnings per share. The company’s revenue for the quarter was up 29.0% on a year-over-year basis. sell-side analysts anticipate that Alamos Gold Inc will post 0.11 EPS for the current year.

Alamos Gold Profile

Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.

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

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