Alamos Gold Inc. (NYSE:AGI) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $9.98 and last traded at $9.86, with a volume of 1,557,414 shares changing hands. The stock had previously closed at $9.53.

AGI has been the topic of several analyst reports. Royal Bank Of Canada lifted their target price on Alamos Gold from $5.00 to $6.50 in a research report on Tuesday, April 12th. Raymond James Financial Inc. lifted their target price on Alamos Gold from $5.00 to $7.00 in a research report on Monday, March 14th. Zacks Investment Research raised Alamos Gold from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research report on Thursday, March 31st. Canaccord Genuity cut Alamos Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Finally, TD Securities reissued a “hold” rating and issued a $8.50 price objective (up previously from $8.00) on shares of Alamos Gold in a research report on Saturday, May 14th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Alamos Gold currently has a consensus rating of “Hold” and an average price target of $7.23.

The company’s market cap is $2.58 billion. The stock’s 50 day moving average price is $7.63 and its 200-day moving average price is $5.50.

Alamos Gold (NYSE:AGI) last posted its quarterly earnings data on Thursday, May 12th. The company reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.07. During the same period last year, the business earned $0.02 EPS. The company had revenue of $104.30 million for the quarter, compared to the consensus estimate of $113.08 million. The firm’s quarterly revenue was up 61.5% on a year-over-year basis. Equities research analysts anticipate that Alamos Gold Inc. will post ($0.01) earnings per share for the current year.

A number of hedge funds and institutional investors recently bought and sold shares of AGI. TD Asset Management Inc. bought a new position in Alamos Gold during the fourth quarter worth $5,618,000. Commerzbank Aktiengesellschaft FI raised its position in Alamos Gold by 38.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 2,061,346 shares of the company’s stock worth $6,782,000 after buying an additional 569,199 shares during the period. Alps Advisors Inc. raised its position in Alamos Gold by 5.2% in the fourth quarter. Alps Advisors Inc. now owns 1,048,380 shares of the company’s stock worth $3,449,000 after buying an additional 51,752 shares during the period. OppenheimerFunds Inc. raised its position in Alamos Gold by 5.5% in the fourth quarter. OppenheimerFunds Inc. now owns 1,715,427 shares of the company’s stock worth $5,644,000 after buying an additional 90,000 shares during the period. Finally, Columbia Wanger Asset Management LLC bought a new position in Alamos Gold during the fourth quarter worth $7,238,000.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.