Dynamic Technology Lab Private Ltd purchased a new position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 85,981 shares of the basic materials company’s stock, valued at approximately $581,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. SG Americas Securities LLC bought a new stake in Alamos Gold in the second quarter valued at $106,000. Empirical Finance LLC bought a new stake in Alamos Gold in the third quarter valued at $138,000. Raymond James Financial Services Advisors Inc. grew its position in Alamos Gold by 3.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 20,070 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 717 shares during the period. Oxbow Advisors LLC grew its position in Alamos Gold by 80.2% in the third quarter. Oxbow Advisors LLC now owns 26,072 shares of the basic materials company’s stock valued at $176,000 after acquiring an additional 11,605 shares during the period. Finally, Fore Research & Management LP bought a new stake in Alamos Gold in the second quarter valued at $215,000. 63.00% of the stock is currently owned by institutional investors.
A number of research firms have commented on AGI. BidaskClub raised Alamos Gold from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. ValuEngine raised Alamos Gold from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Zacks Investment Research raised Alamos Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada set a $9.00 price objective on Alamos Gold and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $11.50 price target (down previously from $14.00) on shares of Alamos Gold in a research note on Friday, November 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $9.88.
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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.
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