Alamos Gold Inc. (NYSE:AGI) dropped 0.9% on Monday . The stock traded as low as $9.98 and last traded at $10.22, with a volume of 1,660,522 shares. The stock had previously closed at $10.31.

AGI has been the subject of several recent analyst reports. Credit Suisse Group AG raised shares of Alamos Gold from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $7.50 to $11.00 in a research report on Thursday, June 30th. Zacks Investment Research cut shares of Alamos Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, March 16th. National Bank Financial reaffirmed an “outperform” rating and set a $7.50 price objective (up previously from $7.30) on shares of Alamos Gold in a research report on Friday, April 1st. TD Securities reaffirmed a “hold” rating and set a $8.50 price objective (up previously from $8.00) on shares of Alamos Gold in a research report on Saturday, May 14th. Finally, Raymond James Financial Inc. increased their target price on shares of Alamos Gold from $5.00 to $7.00 in a report on Monday, March 14th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $7.23.

The stock’s 50-day moving average is $7.83 and its 200-day moving average is $5.63. The stock’s market capitalization is $2.75 billion.

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

Other large investors have recently modified their holdings of the company. I.G. Investment Management LTD. boosted its stake in shares of 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 last quarter. Royce & Associates LLC boosted 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 during the last quarter. Bank of Montreal Can boosted its stake in shares of Alamos Gold by 81.0% in the fourth quarter. Bank of Montreal Can now owns 2,227,714 shares of the company’s stock valued at $7,330,000 after buying an additional 997,266 shares during the last quarter. Columbia Wanger Asset Management LLC purchased a new stake in shares of Alamos Gold during the fourth quarter valued at $7,238,000. Finally, OppenheimerFunds Inc. boosted 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 during the last quarter.

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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