Hexavest Inc. Reduces Holdings in Alamos Gold Inc (US) (AGI)

Hexavest Inc. lowered its stake in Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,430,506 shares of the basic materials company’s stock after selling 33,842 shares during the period. Hexavest Inc.’s holdings in Alamos Gold Inc (US) were worth $9,324,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Schroder Investment Management Group raised its stake in Alamos Gold Inc (US) by 16.4% during the 3rd quarter. Schroder Investment Management Group now owns 141,361 shares of the basic materials company’s stock valued at $1,027,000 after purchasing an additional 19,910 shares during the period. Harvest Management LLC acquired a new stake in Alamos Gold Inc (US) during the 3rd quarter valued at $270,000. Ninepoint Partners LP acquired a new stake in Alamos Gold Inc (US) during the 3rd quarter valued at $3,876,000. Bank of Nova Scotia raised its stake in Alamos Gold Inc (US) by 105.1% during the 2nd quarter. Bank of Nova Scotia now owns 83,073 shares of the basic materials company’s stock valued at $589,000 after purchasing an additional 42,573 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its stake in Alamos Gold Inc (US) by 23.9% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 188,458 shares of the basic materials company’s stock valued at $1,274,000 after purchasing an additional 36,307 shares during the period. 63.00% of the stock is currently owned by institutional investors.

Shares of Alamos Gold Inc (NYSE AGI) opened at $6.12 on Friday. Alamos Gold Inc has a one year low of $5.84 and a one year high of $9.00. The stock has a market cap of $2,381.04, a price-to-earnings ratio of 102.00 and a beta of 0.46.

Several brokerages have issued reports on AGI. Scotiabank cut their target price on shares of Alamos Gold Inc (US) from $11.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Monday, December 18th. BMO Capital Markets reissued a “buy” rating and set a $11.50 target price (down from $14.00) on shares of Alamos Gold Inc (US) in a research note on Friday, November 24th. Desjardins reissued a “hold” rating on shares of Alamos Gold Inc (US) in a research note on Monday, December 11th. Zacks Investment Research raised shares of Alamos Gold Inc (US) from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a research note on Tuesday, December 5th. Finally, Royal Bank of Canada set a $9.00 target price on shares of Alamos Gold Inc (US) and gave the company a “hold” rating in a research note on Tuesday, October 10th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Alamos Gold Inc (US) currently has an average rating of “Hold” and a consensus target price of $9.70.

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Alamos Gold Inc (US) Company Profile

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

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