Sentry Investments Corp. lowered its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 14.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,092,850 shares of the basic materials company’s stock after selling 340,500 shares during the period. Sentry Investments Corp. owned 0.70% of Alamos Gold worth $19,233,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Alamos Gold during the second quarter valued at $106,000. Comerica Bank increased 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 valued at $108,000 after buying an additional 234 shares during the last quarter. World Asset Management Inc increased 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 valued at $131,000 after buying an additional 58 shares during the last quarter. Bbva Compass Bancshares Inc. increased 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 valued at $154,000 after buying an additional 4,090 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased 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 valued at $155,000 after buying an additional 594 shares during the last quarter. 63.27% of the stock is owned by institutional investors.

Shares of Alamos Gold Inc. (NYSE AGI) opened at 8.33 on Friday. Alamos Gold Inc. has a 12-month low of $5.95 and a 12-month high of $9.00. The firm’s market cap is $2.50 billion. The stock’s 50 day moving average price is $7.44 and its 200 day moving average price is $7.34.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The company had revenue of $131.30 million for the quarter, compared to analysts’ expectations of $125.71 million. Alamos Gold had a positive return on equity of 0.44% and a negative net margin of 2.61%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.01) earnings per share. On average, equities research analysts predict that Alamos Gold Inc. will post $0.11 EPS for the current fiscal year.

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Several equities analysts have weighed in on AGI shares. Royal Bank Of Canada reissued a “hold” rating and set a $9.00 price target on shares of Alamos Gold in a research report on Wednesday, May 24th. ValuEngine raised Alamos Gold from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. BidaskClub raised Alamos Gold from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Zacks Investment Research raised Alamos Gold from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Raymond James Financial, Inc. reissued an “ourperform” rating and set a $12.00 price target on shares of Alamos Gold in a research report on Thursday, June 15th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Alamos Gold has a consensus rating of “Hold” and an average target price of $10.31.

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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