Raffles Associates LP cut its holdings in shares of Alamos Gold Inc (NYSE:AGI) (TSE:AGI) by 17.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 500,000 shares of the basic materials company’s stock after selling 108,200 shares during the quarter. Alamos Gold accounts for 2.1% of Raffles Associates LP’s holdings, making the stock its 12th largest position. Raffles Associates LP’s holdings in Alamos Gold were worth $2,305,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp increased its stake in Alamos Gold by 2.9% in the second quarter. Van ECK Associates Corp now owns 39,650,481 shares of the basic materials company’s stock valued at $225,622,000 after acquiring an additional 1,118,918 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Alamos Gold by 59.6% in the third quarter. Bank of New York Mellon Corp now owns 10,698,902 shares of the basic materials company’s stock valued at $49,322,000 after acquiring an additional 3,995,623 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Alamos Gold by 125.4% during the second quarter. CIBC Asset Management Inc now owns 9,367,625 shares of the basic materials company’s stock worth $53,380,000 after buying an additional 5,211,004 shares during the last quarter. Tocqueville Asset Management L.P. grew its stake in shares of Alamos Gold by 2.5% during the third quarter. Tocqueville Asset Management L.P. now owns 7,434,620 shares of the basic materials company’s stock worth $34,274,000 after buying an additional 182,100 shares during the last quarter. Finally, Formula Growth Ltd. grew its stake in shares of Alamos Gold by 613.0% during the second quarter. Formula Growth Ltd. now owns 4,991,300 shares of the basic materials company’s stock worth $28,400,000 after buying an additional 4,291,300 shares during the last quarter. 58.61% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on AGI shares. Zacks Investment Research raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. ValuEngine raised shares of Alamos Gold from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 2nd. CSFB reaffirmed an “outperform” rating and set a $7.50 target price on shares of Alamos Gold in a research note on Friday, September 7th. Finally, Raymond James reaffirmed a “buy” rating on shares of Alamos Gold in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Alamos Gold currently has a consensus rating of “Hold” and an average target price of $7.65.

Shares of NYSE AGI traded down $0.05 during midday trading on Thursday, reaching $3.36. 19,920 shares of the company were exchanged, compared to its average volume of 1,599,142. The stock has a market cap of $1.31 billion, a PE ratio of 27.88, a PEG ratio of 1.74 and a beta of 0.38. Alamos Gold Inc has a one year low of $3.10 and a one year high of $6.84.

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Alamos Gold Company 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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