Alamos Gold Inc. (NYSE:AGI) shares traded down 2.6% during mid-day trading on Wednesday . The company traded as low as $9.08 and last traded at $9.15, with a volume of 678,197 shares changing hands. The stock had previously closed at $9.39.

A number of research analysts have issued reports on the company. Zacks Investment Research raised Alamos Gold from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Tuesday. National Bank Financial lowered Alamos Gold from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $12.00 to $13.00 in a report on Wednesday, July 13th. Desjardins lowered Alamos Gold from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Bank of America Corp. restated a “buy” rating on shares of Alamos Gold in a report on Tuesday, July 12th. Finally, TheStreet upgraded Alamos Gold from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Alamos Gold has a consensus rating of “Hold” and a consensus target price of $8.08.

The firm’s market cap is $2.35 billion. The stock’s 50 day moving average is $8.92 and its 200-day moving average is $6.34.

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

A number of hedge funds have bought and sold shares of the company. I.G. Investment Management LTD. increased its stake 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 in the last quarter. Royce & Associates LLC increased its stake in 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. 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 valued at $7,330,000 after buying an additional 997,266 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its stake in 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.

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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