Shares of Alamos Gold Inc. (NYSE:AGI) were down 1.3% during trading on Monday . The company traded as low as $9.30 and last traded at $9.41, with a volume of 726,859 shares traded. The stock had previously closed at $9.53.

Several research firms have commented on AGI. Raymond James Financial Inc. upgraded Alamos Gold from a “market perform” rating to an “outperform” rating in a report on Monday, June 27th. Desjardins cut Alamos Gold from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. National Bank Financial restated a “sector perform” rating on shares of Alamos Gold in a report on Monday, April 11th. Bank of America Corp. restated a “buy” rating on shares of Alamos Gold in a report on Tuesday, July 12th. Finally, Scotiabank cut Alamos Gold from an “outperform” rating to a “sector perform” rating in a report on Tuesday, March 29th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $7.58.

The firm’s 50-day moving average is $8.34 and its 200-day moving average is $5.88. The stock’s market cap is $2.36 billion.

Alamos Gold (NYSE:AGI) last announced its quarterly earnings data on Thursday, May 12th. The company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.07. The firm earned $104.30 million during the quarter, compared to analyst estimates of $113.08 million. The company’s quarterly revenue was up 61.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.02 EPS. On average, equities research analysts anticipate that Alamos Gold Inc. will post $0.02 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the stock. OppenheimerFunds Inc. raised 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 period. TD Asset Management Inc. purchased a new stake in shares of Alamos Gold during the fourth quarter valued at $5,618,000. I.G. Investment Management LTD. raised 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 period. Royce & Associates LLC raised 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 period. Finally, Columbia Wanger Asset Management LLC purchased a new stake in shares of Alamos Gold during the fourth quarter valued at $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.

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