Alamos Gold Inc. (NYSE:AGI) shares were down 1.3% on Thursday . The company traded as low as $8.91 and last traded at $8.98, with a volume of 639,564 shares trading hands. The stock had previously closed at $9.10.

A number of research analysts have weighed in on AGI shares. Canaccord Genuity reiterated a “hold” rating and set a $12.50 price objective (down previously from $14.00) on shares of Alamos Gold in a research report on Saturday, August 13th. Raymond James Financial Inc. upgraded shares of Alamos Gold from a “market perform” rating to an “outperform” rating in a research report on Monday, June 27th. Desjardins cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Bank of America Corp. reiterated a “buy” rating on shares of Alamos Gold in a research report on Tuesday, July 12th. Finally, National Bank Financial cut shares of Alamos Gold from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $12.00 to $13.00 in a research report on Wednesday, July 13th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Alamos Gold has a consensus rating of “Hold” and an average target price of $9.03.

The firm has a 50 day moving average price of $9.22 and a 200-day moving average price of $6.74. The firm’s market capitalization is $2.43 billion.

Alamos Gold (NYSE:AGI) last announced its quarterly earnings data on Wednesday, August 10th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm earned $120.10 million during the quarter, compared to analysts’ expectations of $129.13 million. During the same quarter in the previous year, the business posted ($0.11) EPS. The company’s revenue for the quarter was up 68.7% on a year-over-year basis. On average, equities research analysts anticipate that Alamos Gold Inc. will post $0.03 EPS for the current year.

An institutional investor recently raised its position in Alamos Gold stock. I.G. Investment Management LTD. increased its position in Alamos Gold Inc. (NYSE:AGI) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,555,741 shares of the company’s stock after buying an additional 30,651 shares during the period. I.G. Investment Management LTD. owned 1.78% of Alamos Gold worth $14,988,000 as of its most recent filing with the SEC.

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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