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

Several equities research analysts recently issued reports on AGI shares. Credit Suisse Group AG upgraded Alamos Gold from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $7.50 to $11.00 in a report on Thursday, June 30th. Raymond James Financial Inc. upgraded Alamos Gold from a “market perform” rating to an “outperform” rating in a report on Monday, June 27th. TD Securities reiterated a “hold” rating and set a $8.50 price target (up previously from $8.00) on shares of Alamos Gold in a report on Saturday, May 14th. Zacks Investment Research upgraded Alamos Gold from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Tuesday, August 2nd. Finally, National Bank Financial restated a “sector perform” rating and issued a $9.50 price objective (up previously from $9.00) on shares of Alamos Gold in a research note on Saturday, May 14th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $9.03.

The stock’s market capitalization is $2.30 billion. The firm has a 50-day moving average of $9.24 and a 200-day moving average of $6.80.

Alamos Gold (NYSE:AGI) last released its earnings results on Wednesday, August 10th. The company reported ($0.01) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.01). During the same quarter in the previous year, the business earned ($0.11) EPS. 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% compared to the same quarter last year. Analysts forecast that Alamos Gold Inc. will post $0.04 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Alamos Gold stock. Royce & Associates LLC increased its position in shares of Alamos Gold Inc. (NYSE:AGI) by 77.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,273,544 shares of the company’s stock after buying an additional 555,000 shares during the period. Royce & Associates LLC owned about 0.50% of Alamos Gold worth $4,188,000 at the end of the most recent reporting 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.

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