Vanguard Group Inc. Increases Position in Alamos Gold Inc. (NYSE:AGI)
Vanguard Group Inc. boosted its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 19.1% during the first quarter, Holdings Channel reports. The fund owned 5,749,119 shares of the basic materials company’s stock after buying an additional 922,329 shares during the period. Vanguard Group Inc.’s holdings in Alamos Gold were worth $46,166,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Comerica Bank boosted its position in shares of Alamos Gold by 1.6% in the first quarter. Comerica Bank now owns 15,265 shares of the basic materials company’s stock worth $108,000 after buying an additional 234 shares during the last quarter. World Asset Management Inc increased its stake 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 worth $131,000 after buying an additional 58 shares during the last quarter. Bbva Compass Bancshares Inc. increased its stake 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 worth $154,000 after buying an additional 4,090 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake 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 worth $155,000 after buying an additional 594 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Alamos Gold during the first quarter worth $203,000. Institutional investors own 66.93% of the company’s stock.
Shares of Alamos Gold Inc. (AGI) traded up 1.28% during mid-day trading on Friday, hitting $7.93. The stock had a trading volume of 1,805,519 shares. Alamos Gold Inc. has a 1-year low of $5.95 and a 1-year high of $9.30. The stock’s 50-day moving average is $7.09 and its 200 day moving average is $7.37. The firm’s market capitalization is $2.38 billion.
Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. Alamos Gold had a negative net margin of 2.61% and a positive return on equity of 0.44%. The company had revenue of $131.30 million for the quarter, compared to analysts’ expectations of $125.71 million. During the same quarter in the previous year, the company earned ($0.01) earnings per share. Alamos Gold’s quarterly revenue was up 9.3% on a year-over-year basis. Equities research analysts predict that Alamos Gold Inc. will post $0.10 EPS for the current fiscal year.
A number of research firms recently weighed in on AGI. BidaskClub upgraded Alamos Gold from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Royal Bank Of Canada restated a “hold” rating and issued a $9.00 price objective on shares of Alamos Gold in a report on Wednesday, May 24th. Zacks Investment Research upgraded Alamos Gold from a “sell” rating to a “hold” rating in a report on Tuesday. National Bank Financial reiterated an “outperform market weight” rating on shares of Alamos Gold in a report on Sunday, July 23rd. Finally, ValuEngine downgraded Alamos Gold from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Alamos Gold has a consensus rating of “Hold” and an average price target of $10.88.
About Alamos Gold
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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