Bank of America Corp DE raised its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 79.6% during the first quarter, Holdings Channel reports. The institutional investor owned 318,624 shares of the basic materials company’s stock after buying an additional 141,206 shares during the period. Bank of America Corp DE’s holdings in Alamos Gold were worth $2,559,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Van ECK Associates Corp boosted its stake in Alamos Gold by 29.2% in the first quarter. Van ECK Associates Corp now owns 61,527,525 shares of the basic materials company’s stock worth $494,058,000 after buying an additional 13,918,200 shares in the last quarter. Vanguard Group Inc. boosted its stake in Alamos Gold by 19.1% in the first quarter. Vanguard Group Inc. now owns 5,749,119 shares of the basic materials company’s stock worth $46,166,000 after buying an additional 922,329 shares in the last quarter. Hexavest Inc. boosted its stake in Alamos Gold by 304.1% in the first quarter. Hexavest Inc. now owns 4,550,702 shares of the basic materials company’s stock worth $36,519,000 after buying an additional 3,424,639 shares in the last quarter. FMR LLC boosted its stake in Alamos Gold by 30.4% in the first quarter. FMR LLC now owns 4,271,387 shares of the basic materials company’s stock worth $34,303,000 after buying an additional 996,900 shares in the last quarter. Finally, Global X Management Co. LLC boosted its stake in Alamos Gold by 23.0% in the first quarter. Global X Management Co. LLC now owns 2,581,338 shares of the basic materials company’s stock worth $20,722,000 after buying an additional 481,921 shares in the last quarter. 66.93% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Inc. (NYSE AGI) traded up 0.90% on Thursday, reaching $7.85. The company had a trading volume of 546,599 shares. The company’s 50-day moving average price is $7.06 and its 200 day moving average price is $7.37. The firm’s market capitalization is $2.36 billion. Alamos Gold Inc. has a 1-year low of $5.95 and a 1-year high of $9.30.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. The company had revenue of $131.30 million during the quarter, compared to the consensus estimate of $125.71 million. Alamos Gold had a negative net margin of 2.61% and a positive return on equity of 0.44%. Alamos Gold’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.01) EPS. On average, equities analysts forecast that Alamos Gold Inc. will post $0.11 EPS for the current year.

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Several brokerages have recently issued reports on AGI. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $9.00 target price on shares of Alamos Gold in a report on Wednesday, August 2nd. Raymond James Financial, Inc. reaffirmed an “ourperform” rating and issued a $12.00 target price on shares of Alamos Gold in a report on Thursday, June 15th. ValuEngine cut Alamos Gold from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Alamos Gold in a report on Sunday, July 23rd. Finally, Zacks Investment Research cut Alamos Gold from a “buy” rating to a “sell” rating in a report on Wednesday, May 10th. 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 stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.88.

Alamos Gold Company Profile

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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