JPMorgan Chase & Co. increased its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 10.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,367,469 shares of the basic materials company’s stock after buying an additional 224,132 shares during the period. JPMorgan Chase & Co.’s holdings in Alamos Gold were worth $19,011,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in shares of Alamos Gold during the fourth quarter worth about $1,763,000. Quadrature Capital Ltd bought a new position in shares of Alamos Gold during the fourth quarter worth about $617,000. Norges Bank bought a new position in shares of Alamos Gold during the fourth quarter worth about $12,125,000. Renaissance Technologies LLC boosted its position in shares of Alamos Gold by 115.5% in the fourth quarter. Renaissance Technologies LLC now owns 652,129 shares of the basic materials company’s stock worth $4,483,000 after buying an additional 349,569 shares during the last quarter. Finally, Bank of Montreal Can boosted its position 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 worth $5,050,000 after buying an additional 212,537 shares during the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

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

Alamos Gold Inc. (NYSE:AGI) opened at 7.08 on Friday. The stock has a 50 day moving average price of $6.72 and a 200 day moving average price of $7.35. The stock’s market capitalization is $2.12 billion. Alamos Gold Inc. has a 12 month low of $5.95 and a 12 month high of $10.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Thursday, May 4th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. Alamos Gold had a negative return on equity of 0.32% and a negative net margin of 5.51%. The firm had revenue of $121 million during the quarter, compared to analyst estimates of $116.46 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Equities analysts predict that Alamos Gold Inc. will post $0.07 EPS for the current fiscal year.

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A number of analysts have commented on the company. Zacks Investment Research raised Alamos Gold from a “sell” rating to a “buy” rating and set a $7.50 target price for the company in a report on Friday, March 10th. Royal Bank Of Canada reissued a “hold” rating and issued a $9.00 target price on shares of Alamos Gold in a report on Wednesday, May 24th. Raymond James Financial, Inc. reissued an “ourperform” rating and issued a $12.00 target price on shares of Alamos Gold in a report on Thursday. Finally, ValuEngine lowered Alamos Gold from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $11.18.

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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