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Alamos Gold Inc. $AGI Shares Sold by Russell Investments Group Ltd.

Alamos Gold logo with Basic Materials background

Key Points

  • Russell Investments Group Ltd. reduced its holdings in Alamos Gold Inc. by 18.6%, now possessing 114,863 shares valued at approximately $3.07 million.
  • Alamos Gold recently posted $0.34 EPS for the quarter, beating estimates by $0.01, with revenue increasing by 31.7% compared to the previous year.
  • The stock is currently rated as a "Buy" by analysts, with a consensus price target of $30.38 and two analysts giving it a Strong Buy rating.
  • Need better tools to track Alamos Gold? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Russell Investments Group Ltd. reduced its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 18.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,863 shares of the basic materials company's stock after selling 26,227 shares during the period. Russell Investments Group Ltd.'s holdings in Alamos Gold were worth $3,070,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in shares of Alamos Gold during the 1st quarter worth about $41,000. SBI Securities Co. Ltd. boosted its position in shares of Alamos Gold by 67.0% in the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after acquiring an additional 660 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Alamos Gold in the first quarter worth approximately $68,000. NBT Bank N A NY acquired a new stake in shares of Alamos Gold in the first quarter worth approximately $190,000. Finally, Continuum Advisory LLC boosted its position in shares of Alamos Gold by 808.9% in the first quarter. Continuum Advisory LLC now owns 8,235 shares of the basic materials company's stock worth $220,000 after acquiring an additional 7,329 shares during the last quarter. 64.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on AGI. Wall Street Zen lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. CIBC restated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. National Bankshares restated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Finally, Stifel Nicolaus started coverage on shares of Alamos Gold in a research note on Wednesday, July 9th. They set a "buy" rating on the stock. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $30.38.

Check Out Our Latest Stock Analysis on Alamos Gold

Alamos Gold Stock Performance

Alamos Gold stock traded up $0.77 during mid-day trading on Friday, reaching $30.42. The company's stock had a trading volume of 1,489,806 shares, compared to its average volume of 3,427,699. The firm has a market cap of $12.79 billion, a price-to-earnings ratio of 36.66, a PEG ratio of 0.65 and a beta of 0.51. The business has a 50 day moving average price of $26.41 and a 200-day moving average price of $26.04. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. Alamos Gold Inc. has a twelve month low of $17.42 and a twelve month high of $31.00.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The firm had revenue of $438.20 million during the quarter, compared to the consensus estimate of $400.61 million. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. The firm's revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 earnings per share. Sell-side analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Company Profile

(Free Report)

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.

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

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