What Do Hedge Funds Think of Alamos Gold Inc (AGI)?

Consequently, specific money managers have jumped into Alamos Gold Inc (NYSE:AGI) headfirst. Anchor Bolt Capital, managed by Robert Polak, initiated the biggest position in Alamos Gold Inc (NYSE:AGI). Anchor Bolt Capital had $7.1 million invested in the company at the end of the quarter. Jacob Gottlieb’s Visium Asset Management also initiated a $2.4 million position during the quarter. The following funds were also among the new AGI investors: Mark Travis’s Intrepid Capital Management, David Costen Haley’s HBK Investments, and Matthew Hulsizer’s PEAK6 Capital Management.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Alamos Gold Inc (NYSE:AGI) but similarly valued. We will take a look at Trueblue Inc (NYSE:TBI), Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN), Dynavax Technologies Corporation (NASDAQ:DVAX), and Infoblox Inc (NYSE:BLOX). This group of stocks’ market caps match AGI’s market cap.

As you can see these stocks had an average of 23.5 hedge funds with bullish positions and the average amount invested in these stocks was $220 million. That figure was $55 million in AGI’s case. Dynavax Technologies Corporation (NASDAQ:DVAX) is the most popular stock in this table. On the other hand Trueblue Inc (NYSE:TBI) is the least popular one with only 14 bullish hedge fund positions. Compared to these stocks Alamos Gold Inc (NYSE:AGI) is even less popular than TBI. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.