Alamos Gold Inc. (NYSE:AGI) shares were up 5.6% on Friday . The company traded as high as $10.31 and last traded at $10.31, with a volume of 2,701,259 shares changing hands. The stock had previously closed at $9.76.

A number of research analysts have recently weighed in on AGI shares. Raymond James Financial Inc. upgraded Alamos Gold from a “market perform” rating to an “outperform” rating in a research report on Monday, June 27th. National Bank Financial reiterated a “sector perform” rating on shares of Alamos Gold in a research report on Monday, April 11th. Scotiabank lowered Alamos Gold from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, March 29th. Zacks Investment Research lowered Alamos Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, March 16th. Finally, Dundee Securities lowered Alamos Gold from a “buy” rating to a “neutral” rating in a research report on Thursday, March 24th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $7.23.

The firm’s 50 day moving average is $7.73 and its 200-day moving average is $5.55. The company’s market capitalization is $2.73 billion.

Alamos Gold (NYSE:AGI) last released its quarterly earnings results on Thursday, May 12th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.07. The company had revenue of $104.30 million for the quarter, compared to analyst estimates of $113.08 million. During the same quarter last year, the company earned $0.02 EPS. The firm’s revenue for the quarter was up 61.5% on a year-over-year basis. On average, analysts expect that Alamos Gold Inc. will post ($0.01) EPS for the current fiscal year.

Several hedge funds and institutional investors recently added to or reduced their stakes in the company. I.G. Investment Management LTD. increased its position in Alamos Gold by 0.7% in the fourth quarter. I.G. Investment Management LTD. now owns 4,555,741 shares of the company’s stock valued at $14,988,000 after buying an additional 30,651 shares during the period. Bank of Montreal Can increased its stake in Alamos Gold by 81.0% in the fourth quarter. Bank of Montreal Can now owns 2,227,714 shares of the company’s stock worth $7,330,000 after buying an additional 997,266 shares during the last quarter. Columbia Wanger Asset Management LLC acquired a new stake in Alamos Gold during the fourth quarter worth approximately $7,238,000. Commerzbank Aktiengesellschaft FI increased its stake 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 last quarter. Finally, TD Asset Management Inc. acquired a new stake in Alamos Gold during the fourth quarter worth approximately $5,618,000.

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.

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