Shares of Alamos Gold Inc (NYSE:AGI) (TSE:AGI) have received an average recommendation of “Hold” from the eleven research firms that are covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $6.62.
A number of equities research analysts have recently commented on AGI shares. Royal Bank of Canada lowered their price target on shares of Alamos Gold from $7.00 to $5.50 and set a “sector perform” rating for the company in a report on Thursday, January 24th. National Bank Financial downgraded shares of Alamos Gold from an “outperform” rating to a “sector perform” rating in a report on Thursday, March 21st. CIBC reiterated an “average” rating and set a $8.25 price target on shares of Alamos Gold in a report on Monday, January 21st. ValuEngine upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, TheStreet downgraded shares of Alamos Gold from a “c-” rating to a “d+” rating in a report on Monday, March 4th.
Hedge funds and other institutional investors have recently modified their holdings of the company. Ruffer LLP purchased a new stake in shares of Alamos Gold during the fourth quarter worth about $2,343,000. Bank of New York Mellon Corp boosted its position in shares of Alamos Gold by 59.6% in the third quarter. Bank of New York Mellon Corp now owns 10,698,902 shares of the basic materials company’s stock worth $49,322,000 after acquiring an additional 3,995,623 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in shares of Alamos Gold in the fourth quarter worth approximately $357,000. Sun Valley Gold LLC boosted its position in shares of Alamos Gold by 27.0% in the fourth quarter. Sun Valley Gold LLC now owns 7,142,158 shares of the basic materials company’s stock worth $25,714,000 after acquiring an additional 1,519,971 shares during the last quarter. Finally, Blueshift Asset Management LLC acquired a new stake in shares of Alamos Gold in the fourth quarter worth approximately $350,000. Institutional investors and hedge funds own 60.67% of the company’s stock.
NYSE:AGI traded up $0.01 during mid-day trading on Friday, hitting $4.58. 1,730,300 shares of the company’s stock traded hands, compared to its average volume of 2,108,459. Alamos Gold has a 1 year low of $2.90 and a 1 year high of $6.13. The company has a market capitalization of $1.82 billion, a P/E ratio of 91.90 and a beta of 0.20.
Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $0.03 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. The firm had revenue of $156.00 million during the quarter, compared to the consensus estimate of $163.19 million. Alamos Gold had a negative net margin of 8.88% and a positive return on equity of 0.67%. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period last year, the firm posted $0.03 EPS. As a group, sell-side analysts predict that Alamos Gold will post 0.12 EPS for the current year.
Alamos Gold Company Profile
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.
Further Reading: Oversold
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