Commerzbank Aktiengesellschaft FI grew its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 23.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 188,458 shares of the basic materials company’s stock after buying an additional 36,307 shares during the quarter. Commerzbank Aktiengesellschaft FI owned 0.06% of Alamos Gold worth $1,274,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the business. SG Americas Securities LLC bought a new position in shares of Alamos Gold in the 2nd quarter worth $106,000. Empirical Finance LLC acquired a new position in Alamos Gold during the 3rd quarter valued at about $138,000. Raymond James Financial Services Advisors Inc. increased its position in Alamos Gold by 3.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 20,070 shares of the basic materials company’s stock valued at $144,000 after buying an additional 717 shares in the last quarter. Oxbow Advisors LLC increased its position in Alamos Gold by 80.2% during the 3rd quarter. Oxbow Advisors LLC now owns 26,072 shares of the basic materials company’s stock valued at $176,000 after buying an additional 11,605 shares in the last quarter. Finally, Fore Research & Management LP acquired a new position in Alamos Gold during the 2nd quarter valued at about $215,000. Institutional investors and hedge funds own 63.00% of the company’s stock.
A number of research analysts have recently weighed in on AGI shares. BMO Capital Markets reissued a “buy” rating and issued a $11.50 price objective (down from $14.00) on shares of Alamos Gold in a report on Friday, November 24th. ValuEngine downgraded Alamos Gold from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. Royal Bank of Canada set a $9.00 target price on Alamos Gold and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Zacks Investment Research upgraded Alamos Gold from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a research note on Tuesday, December 5th. Finally, Desjardins reiterated a “hold” rating on shares of Alamos Gold in a research report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $9.88.
Alamos Gold Inc. (AGI) opened at $6.03 on Friday. Alamos Gold Inc. has a 52-week low of $5.93 and a 52-week high of $9.00. The company has a market capitalization of $2,392.72, a price-to-earnings ratio of 102.50 and a beta of 0.46.
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Alamos Gold 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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