Alamos Gold Inc (USA) (AGI) : Saddle Road Partners has sold out all of its stake in Alamos Gold Inc (USA) during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 2,842 shares of Alamos Gold Inc (USA) which is valued at $17,365.
Alamos Gold Inc (USA) opened for trading at $6.11 and hit $6.4699 on the upside on Wednesday, eventually ending the session at $6.36, with a gain of 4.43% or 0.27 points. The heightened volatility saw the trading volume jump to 21,39,474 shares. Company has a market cap of $1,635 M.
Other Hedge Funds, Including , Hexavest boosted its stake in AGI in the latest quarter, The investment management firm added 24,690 additional shares and now holds a total of 783,110 shares of Alamos Gold Inc (USA) which is valued at $4,839,620. Alamos Gold Inc (USA) makes up approx 0.07% of Hexavest’s portfolio.Eagle Boston Investment Management Inc boosted its stake in AGI in the latest quarter, The investment management firm added 12,297 additional shares and now holds a total of 425,733 shares of Alamos Gold Inc (USA) which is valued at $2,728,949. Alamos Gold Inc (USA) makes up approx 0.38% of Eagle Boston Investment Management Inc’s portfolio.
On the company’s financial health, Alamos Gold Inc (USA) reported $-0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.20 based on the information available during the earnings call on Mar 24, 2016. Analyst had a consensus of $-0.04. The company had revenue of $115.70 million for the quarter, compared to analysts expectations of $105.57 million. The company’s revenue was up 64.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.
Many Wall Street Analysts have commented on Alamos Gold Inc (USA). Alamos Gold Inc (USA) was Downgraded by Raymond James to ” Mkt Perform” on Apr 20, 2016. Alamos Gold Inc (USA) was Downgraded by RBC Capital Mkts to ” Sector Perform” on Mar 10, 2016.
Alamos Gold Inc. is a Canada-based mid-tier gold producer. The Company is engaged in the acquisition exploration development and extraction of precious metals. It is engaged in the exploration and development activities in Mexico Turkey and the United States. It owns and operates the Mulatos mine in Mexico and holds the mineral rights to the Salamandra group of concessions in the State of Sonora Mexico which includes several satellite gold occurrences. It also owns the Agi Dagi Kirazli and Camyurt gold development projects in Turkey. Agi Dagi and Kirazli gold development projects are located in Canakkale Province Turkey. The Camyurt project is located three kilometres southeast of the Agi Dagi project. The Company owns the Esperanza Gold Project which is a development stage asset located in south-central Mexico in the state of Morelos. It owns a 100% interest in the Quartz Mountain Property which is located in south-central Oregon. It operates through Carlisle Goldfields Ltd.