Shares of Alamos Gold Inc. (NYSE:AGI) rose 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. The stock had previously closed at $9.76.

AGI has been the topic of a number of analyst reports. Raymond James Financial Inc. increased their price objective on shares of Alamos Gold from $5.00 to $7.00 in a report on Monday, March 14th. Zacks Investment Research cut shares of Alamos Gold from a “hold” rating to a “sell” rating in a report on Wednesday, March 16th. Scotiabank cut shares of Alamos Gold from an “outperform” rating to a “sector perform” rating in a report on Tuesday, March 29th. Dundee Securities cut shares of Alamos Gold from a “buy” rating to a “neutral” rating in a report on Thursday, March 24th. Finally, Royal Bank Of Canada increased their price objective on shares of Alamos Gold from $4.75 to $5.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 30th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $7.23.

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

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

Several large investors have recently modified their holdings of AGI. Alps Advisors Inc. increased its stake in shares of Alamos Gold by 5.2% in the fourth quarter. Alps Advisors Inc. now owns 1,048,380 shares of the company’s stock valued at $3,449,000 after buying an additional 51,752 shares in the last quarter. Royce & Associates LLC increased its stake in shares of Alamos Gold by 77.2% in the fourth quarter. Royce & Associates LLC now owns 1,273,544 shares of the company’s stock valued at $4,188,000 after buying an additional 555,000 shares in the last quarter. OppenheimerFunds Inc. increased its stake in shares of Alamos Gold by 5.5% in the fourth quarter. OppenheimerFunds Inc. now owns 1,715,427 shares of the company’s stock valued at $5,644,000 after buying an additional 90,000 shares in the last quarter. TD Asset Management Inc. purchased a new stake in shares of Alamos Gold during the fourth quarter valued at approximately $5,618,000. Finally, Columbia Wanger Asset Management LLC purchased a new stake in shares of Alamos Gold during the fourth quarter valued at approximately $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.