Global X Management Co. LLC lowered its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 6.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,420,146 shares of the basic materials company’s stock after selling 161,192 shares during the period. Global X Management Co. LLC owned approximately 0.81% of Alamos Gold worth $17,354,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sprott Inc. raised its stake in Alamos Gold by 60.9% in the second quarter. Sprott Inc. now owns 788,392 shares of the basic materials company’s stock worth $5,661,000 after buying an additional 298,295 shares during the last quarter. Norges Bank acquired a new stake in Alamos Gold during the fourth quarter worth about $12,125,000. American Century Companies Inc. raised its stake in Alamos Gold by 131.0% in the first quarter. American Century Companies Inc. now owns 1,133,282 shares of the basic materials company’s stock worth $9,101,000 after buying an additional 642,682 shares during the last quarter. Bank of Montreal Can raised its stake in Alamos Gold by 51.0% in the first quarter. Bank of Montreal Can now owns 628,873 shares of the basic materials company’s stock worth $5,050,000 after buying an additional 212,537 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised 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. 66.93% of the stock is owned by institutional investors and hedge funds.

Shares of Alamos Gold Inc. (NYSE:AGI) opened at 7.57 on Wednesday. Alamos Gold Inc. has a one year low of $5.95 and a one year high of $9.38. The stock’s market cap is $2.26 billion. The company has a 50 day moving average of $7.00 and a 200-day moving average of $7.39.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The firm 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 0.44% 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 quarter last year, the business posted ($0.01) EPS. On average, analysts anticipate that Alamos Gold Inc. will post $0.11 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This news story was first published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & international trademark & copyright law. The original version of this news story can be accessed at https://www.dailypolitical.com/2017/08/09/global-x-management-co-llc-cuts-stake-in-alamos-gold-inc-agi.html.

AGI has been the subject of a number of research reports. Zacks Investment Research lowered shares of Alamos Gold from a “buy” rating to a “sell” rating in a report on Wednesday, May 10th. Raymond James Financial, Inc. reaffirmed an “ourperform” rating and set a $12.00 target price on shares of Alamos Gold in a report on Thursday, June 15th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $9.00 target price on shares of Alamos Gold in a report on Wednesday, May 24th. ValuEngine lowered shares of Alamos Gold from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. Finally, National Bank Financial reaffirmed an “outperform market weight” rating on shares of Alamos Gold in a report on Sunday, July 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Alamos Gold has an average rating of “Hold” and an average target price 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.

Want to see what other hedge funds are holding AGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alamos Gold Inc. (NYSE:AGI) (TSE:AGI).

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

Receive News & Ratings for Alamos Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamos Gold Inc. and related companies with MarketBeat.com's FREE daily email newsletter.