Credit Suisse AG boosted its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 37.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 294,600 shares of the basic materials company’s stock after buying an additional 79,722 shares during the period. Credit Suisse AG owned approximately 0.10% of Alamos Gold worth $2,366,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AGI. Comerica Bank raised its position in shares of Alamos Gold by 1.6% in the first quarter. Comerica Bank now owns 15,265 shares of the basic materials company’s stock worth $108,000 after buying an additional 234 shares in the last quarter. World Asset Management Inc increased its stake in Alamos Gold by 0.4% in the first quarter. World Asset Management Inc now owns 16,354 shares of the basic materials company’s stock worth $131,000 after buying an additional 58 shares during the last quarter. Bbva Compass Bancshares Inc. increased its stake in Alamos Gold by 27.2% in the first quarter. Bbva Compass Bancshares Inc. now owns 19,128 shares of the basic materials company’s stock worth $154,000 after buying an additional 4,090 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Alamos Gold by 3.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 19,353 shares of the basic materials company’s stock worth $155,000 after buying an additional 594 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Alamos Gold during the first quarter worth $203,000. 66.93% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Inc. (NYSE:AGI) traded up 1.115% during mid-day trading on Monday, hitting $7.705. The stock had a trading volume of 235,164 shares. The firm’s 50-day moving average is $6.97 and its 200 day moving average is $7.39. Alamos Gold Inc. has a 12 month low of $5.95 and a 12 month high of $9.43. The company’s market cap is $2.30 billion.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The company had revenue of $131.30 million during the quarter, compared to analysts’ expectations of $125.71 million. Alamos Gold had a positive return on equity of 0.45% and a negative net margin of 2.61%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.01) earnings per share. Equities analysts anticipate that Alamos Gold Inc. will post $0.10 EPS for the current fiscal year.

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AGI has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated a “hold” rating and set a $9.00 target price on shares of Alamos Gold in a research report on Wednesday, August 2nd. Raymond James Financial, Inc. reiterated an “ourperform” rating and set a $12.00 target price on shares of Alamos Gold in a research report on Thursday, June 15th. ValuEngine downgraded Alamos Gold from a “hold” rating to a “sell” rating in a research report on Tuesday, June 6th. National Bank Financial reiterated an “outperform market weight” rating on shares of Alamos Gold in a research report on Sunday, July 23rd. Finally, Zacks Investment Research downgraded Alamos Gold from a “buy” rating to a “sell” rating in a research report on Wednesday, May 10th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.88.

About Alamos Gold

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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Institutional Ownership by Quarter for Alamos Gold (NYSE:AGI)

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