Aristotle Capital Boston LLC grew its holdings in Alamos Gold Inc (NYSE:AGI) (TSE:AGI) by 37.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 803,415 shares of the basic materials company’s stock after purchasing an additional 219,102 shares during the quarter. Aristotle Capital Boston LLC owned about 0.21% of Alamos Gold worth $3,704,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of AGI. CIBC Asset Management Inc boosted its stake in Alamos Gold by 125.4% in the second quarter. CIBC Asset Management Inc now owns 9,367,625 shares of the basic materials company’s stock worth $53,380,000 after purchasing an additional 5,211,004 shares in the last quarter. Formula Growth Ltd. boosted its stake in Alamos Gold by 613.0% in the second quarter. Formula Growth Ltd. now owns 4,991,300 shares of the basic materials company’s stock worth $28,400,000 after purchasing an additional 4,291,300 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Alamos Gold by 59.6% in the third quarter. Bank of New York Mellon Corp now owns 10,698,902 shares of the basic materials company’s stock worth $49,322,000 after purchasing an additional 3,995,623 shares in the last quarter. Shell Asset Management Co. lifted its stake in shares of Alamos Gold by 60.4% during the third quarter. Shell Asset Management Co. now owns 3,102,367 shares of the basic materials company’s stock valued at $14,301,000 after acquiring an additional 1,168,180 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Alamos Gold by 2.9% during the second quarter. Van ECK Associates Corp now owns 39,650,481 shares of the basic materials company’s stock valued at $225,622,000 after acquiring an additional 1,118,918 shares during the period. 58.61% of the stock is currently owned by institutional investors.
Shares of AGI opened at $3.60 on Monday. Alamos Gold Inc has a 12-month low of $3.10 and a 12-month high of $6.84. The firm has a market cap of $1.41 billion, a PE ratio of 30.00, a PEG ratio of 1.86 and a beta of 0.38.
Several equities analysts have recently issued reports on the company. Canaccord Genuity reaffirmed a “buy” rating on shares of Alamos Gold in a research note on Friday. ValuEngine lowered Alamos Gold from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 4th. Zacks Investment Research raised Alamos Gold from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. CSFB reaffirmed an “outperform” rating and set a $7.50 price target on shares of Alamos Gold in a research note on Friday, September 7th. Finally, Raymond James reaffirmed a “buy” rating on shares of Alamos Gold in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Alamos Gold has an average rating of “Hold” and an average target price of $7.65.
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About Alamos Gold
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.
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