Legal & General Group Plc Buys 7,800 Shares of Alamos Gold Inc. (AGI)

Legal & General Group Plc increased its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 37.1% during the first quarter, Holdings Channel reports. The institutional investor owned 28,798 shares of the basic materials company’s stock after buying an additional 7,800 shares during the period. Legal & General Group Plc’s holdings in Alamos Gold were worth $231,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Alamos Gold during the fourth quarter worth approximately $12,125,000. American Century Companies Inc. raised its stake in shares of 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 in the last quarter. Bank of Montreal Can raised its stake in shares of 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 in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of 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 in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of 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. 66.93% of the stock is owned by hedge funds and other institutional investors.

Shares of Alamos Gold Inc. (NYSE:AGI) traded up 1.79% during trading on Friday, hitting $7.97. The stock had a trading volume of 335,097 shares. The firm’s market cap is $2.40 billion. Alamos Gold Inc. has a 52-week low of $5.95 and a 52-week high of $9.30. The stock has a 50 day moving average of $7.07 and a 200 day moving average of $7.37.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ 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%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.01) earnings per share. On average, equities analysts anticipate that Alamos Gold Inc. will post $0.10 EPS for the current year.

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AGI has been the subject of a number of recent research reports. Zacks Investment Research lowered Alamos Gold from a “buy” rating to a “sell” rating in a report on Wednesday, May 10th. 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 reissued a “hold” rating and set a $9.00 price objective on shares of Alamos Gold in a report on Wednesday, May 24th. ValuEngine lowered Alamos Gold from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. Finally, National Bank Financial restated an “outperform market weight” rating on shares of Alamos Gold in a research note on Sunday, July 23rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus 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)

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