Moors & Cabot Inc. bought a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 32,500 shares of the basic materials company’s stock, valued at approximately $222,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC increased its stake in shares of Alamos Gold by 442.5% during the third quarter. Jane Street Group LLC now owns 402,032 shares of the basic materials company’s stock worth $2,718,000 after purchasing an additional 327,918 shares in the last quarter. Magnetar Financial LLC purchased a new stake in shares of Alamos Gold during the third quarter worth about $1,373,000. Commerzbank Aktiengesellschaft FI increased its stake in shares of Alamos Gold by 23.9% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 188,458 shares of the basic materials company’s stock worth $1,274,000 after purchasing an additional 36,307 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Alamos Gold during the third quarter worth about $3,348,000. Finally, Commonwealth Bank of Australia increased its stake in shares of Alamos Gold by 97.8% during the third quarter. Commonwealth Bank of Australia now owns 3,247,100 shares of the basic materials company’s stock worth $21,954,000 after purchasing an additional 1,605,200 shares in the last quarter. 63.00% of the stock is owned by institutional investors and hedge funds.

AGI has been the subject of a number of research reports. ValuEngine cut shares of Alamos Gold from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. Royal Bank of Canada set a $9.00 target price on shares of Alamos Gold and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Desjardins reaffirmed a “hold” rating on shares of Alamos Gold in a research note on Monday, December 11th. Zacks Investment Research raised shares of Alamos Gold from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a research note on Tuesday, December 5th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $11.50 price objective (down previously from $14.00) on shares of Alamos Gold in a research note on Friday, November 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $9.88.

Shares of Alamos Gold Inc. (NYSE AGI) opened at $6.03 on Friday. Alamos Gold Inc. has a one year low of $5.93 and a one year high of $9.00. The stock has a market cap of $2,346.03, a PE ratio of 100.50 and a beta of 0.46.

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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.

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

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