Midas Management Corp Holds Stake in Alamos Gold Inc. (AGI)

Midas Management Corp maintained its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 225,000 shares of the basic materials company’s stock at the end of the second quarter. Midas Management Corp owned approximately 0.08% of Alamos Gold worth $1,616,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Comerica Bank increased its position in Alamos Gold by 1.6% in the first quarter. Comerica Bank now owns 15,265 shares of the basic materials company’s stock valued at $108,000 after buying an additional 234 shares during the period. World Asset Management Inc boosted its stake in Alamos Gold by 0.4% in the first quarter. World Asset Management Inc now owns 16,354 shares of the basic materials company’s stock valued at $131,000 after buying an additional 58 shares in the last quarter. Bbva Compass Bancshares Inc. boosted its stake in Alamos Gold by 27.2% in the first quarter. Bbva Compass Bancshares Inc. now owns 19,128 shares of the basic materials company’s stock valued at $154,000 after buying an additional 4,090 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in 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 valued at $155,000 after buying an additional 594 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Alamos Gold by 115.5% in the first quarter. Tower Research Capital LLC TRC now owns 20,929 shares of the basic materials company’s stock valued at $168,000 after buying an additional 11,217 shares in the last quarter. 66.93% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alamos Gold Inc. (AGI) traded up 1.28% on Friday, hitting $7.93. The stock had a trading volume of 1,805,519 shares. The firm’s market cap is $2.38 billion. Alamos Gold Inc. has a 12-month low of $5.95 and a 12-month high of $9.30. The stock has a 50 day moving average of $7.09 and a 200 day moving average of $7.37.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Thursday, August 3rd. The basic materials company reported $0.04 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $131.30 million during the quarter, compared to analysts’ expectations of $125.71 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. Alamos Gold’s quarterly revenue was up 9.3% on a year-over-year basis. Equities analysts predict that Alamos Gold Inc. will post $0.10 earnings per share for the current fiscal year.

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AGI has been the subject of several research analyst reports. Royal Bank Of Canada restated a “hold” rating and set a $9.00 price target on shares of Alamos Gold in a report on Tuesday, April 18th. Zacks Investment Research lowered Alamos Gold from a “buy” rating to a “sell” rating in a research note on Wednesday, May 10th. Raymond James Financial, Inc. reaffirmed an “ourperform” rating and issued a $12.00 price objective on shares of Alamos Gold in a research note on Thursday, June 15th. ValuEngine lowered Alamos Gold from a “hold” rating to a “sell” rating in a research note on Tuesday, June 6th. Finally, BidaskClub lowered Alamos Gold from a “hold” rating to a “sell” rating in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target 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.

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

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