Alamos Gold Inc. (NYSE:AGI) rose 3.5% on Thursday . The stock traded as high as $9.05 and last traded at $8.99, with a volume of 1,470,507 shares changing hands. The stock had previously closed at $8.69.

AGI has been the topic of several analyst reports. Raymond James Financial Inc. cut Alamos Gold from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 20th. Canaccord Genuity cut Alamos Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. National Bank Financial reiterated a “sector perform” rating and set a $9.50 price target (up from $9.00) on shares of Alamos Gold in a research report on Saturday, May 14th. TD Securities reiterated a “hold” rating and set a $8.50 price target (up from $8.00) on shares of Alamos Gold in a research report on Saturday, May 14th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Alamos Gold in a research report on Saturday, May 14th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $8.08.

The stock has a 50 day moving average of $9.09 and a 200 day moving average of $6.54. The stock’s market capitalization is $2.37 billion.

Alamos Gold (NYSE:AGI) last announced its earnings results on Wednesday, August 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). During the same period in the previous year, the business posted ($0.11) earnings per share. The firm earned $120.10 million during the quarter, compared to analysts’ expectations of $129.13 million. The company’s revenue for the quarter was up 68.7% on a year-over-year basis. On average, equities research analysts expect that Alamos Gold Inc. will post $0.02 EPS for the current year.

Other hedge funds and institutional investors recently bought and sold shares of the company. Royce & Associates LLC increased its position 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 during the period. Bank of Montreal Can increased its position 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 during the period. Finally, 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.

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.