Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 81.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 21,982 shares of the basic materials company’s stock after selling 96,872 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Alamos Gold were worth $156,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. World Asset Management Inc increased its holdings in Alamos Gold by 0.4% during the 1st quarter. World Asset Management Inc now owns 16,354 shares of the basic materials company’s stock worth $131,000 after purchasing an additional 58 shares in the last quarter. Comerica Bank increased its holdings in Alamos Gold by 1.6% during the 1st quarter. Comerica Bank now owns 15,265 shares of the basic materials company’s stock worth $108,000 after purchasing an additional 234 shares in the last quarter. Stifel Financial Corp increased its holdings in Alamos Gold by 1.6% during the 1st quarter. Stifel Financial Corp now owns 34,836 shares of the basic materials company’s stock worth $277,000 after purchasing an additional 553 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Alamos Gold by 3.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 19,353 shares of the basic materials company’s stock worth $155,000 after purchasing an additional 594 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Alamos Gold by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 507,684 shares of the basic materials company’s stock worth $4,077,000 after purchasing an additional 2,198 shares in the last quarter. 63.27% of the stock is owned by hedge funds and other institutional investors.

AGI has been the subject of a number of recent research reports. Raymond James Financial, Inc. reissued an “ourperform” rating and set a $12.00 price objective on shares of Alamos Gold in a report on Thursday, June 15th. Royal Bank Of Canada set a $9.00 price objective on Alamos Gold and gave the stock a “hold” rating in a report on Tuesday, June 27th. BidaskClub lowered Alamos Gold from a “hold” rating to a “sell” rating in a report on Friday, July 7th. ValuEngine lowered Alamos Gold from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. Finally, National Bank Financial reissued an “outperform market weight” rating on shares of Alamos Gold in a report on Sunday, July 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $10.31.

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Alamos Gold Inc. (NYSE:AGI) opened at 7.24 on Tuesday. Alamos Gold Inc. has a 12-month low of $5.95 and a 12-month high of $9.00. The company’s market capitalization is $2.18 billion. The stock has a 50 day moving average price of $7.76 and a 200 day moving average price of $7.32.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Alamos Gold had a negative net margin of 2.61% and a positive return on equity of 0.44%. The company had revenue of $131.30 million during the quarter, compared to analyst estimates of $125.71 million. During the same period in the previous year, the business earned ($0.01) EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, analysts expect that Alamos Gold Inc. will post $0.09 EPS for the current year.

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.

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

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