Alamos Gold (NYSE:AGI) Stock Rating Upgraded by StockNews.com

Alamos Gold (NYSE:AGIGet Rating) (TSE:AGI) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts also recently issued reports on AGI. Stifel Nicolaus reduced their price objective on shares of Alamos Gold from C$18.25 to C$16.00 in a research report on Wednesday, July 20th. National Bank Financial cut their price target on Alamos Gold from C$13.00 to C$12.50 in a research note on Thursday, July 21st. Canaccord Genuity Group lifted their target price on Alamos Gold from C$12.00 to C$13.00 in a report on Thursday, June 30th. Finally, TD Securities boosted their price target on shares of Alamos Gold from C$16.00 to C$16.50 in a research note on Thursday, June 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $12.75.

Alamos Gold Price Performance

AGI stock opened at $7.79 on Friday. The company’s 50-day moving average is $7.41 and its 200-day moving average is $7.64. The stock has a market capitalization of $3.05 billion, a PE ratio of 55.64, a price-to-earnings-growth ratio of 2.71 and a beta of 1.07. Alamos Gold has a 1 year low of $6.51 and a 1 year high of $9.22.

Alamos Gold (NYSE:AGIGet Rating) (TSE:AGI) last announced its quarterly earnings results on Wednesday, July 27th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The business had revenue of $191.20 million for the quarter, compared to analyst estimates of $195.11 million. Alamos Gold had a return on equity of 4.51% and a net margin of 6.76%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 earnings per share. On average, analysts anticipate that Alamos Gold will post 0.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alamos Gold

Several institutional investors have recently modified their holdings of the stock. General American Investors Co. Inc. lifted its position in Alamos Gold by 1.7% in the second quarter. General American Investors Co. Inc. now owns 1,813,042 shares of the basic materials company’s stock worth $12,728,000 after buying an additional 30,000 shares during the last quarter. Pekin Hardy Strauss Inc. lifted its holdings in shares of Alamos Gold by 11.0% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 150,695 shares of the basic materials company’s stock worth $1,058,000 after acquiring an additional 14,885 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its stake in shares of Alamos Gold by 9.5% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 384,562 shares of the basic materials company’s stock worth $2,665,000 after purchasing an additional 33,440 shares during the period. Van ECK Associates Corp grew its holdings in Alamos Gold by 0.4% during the 2nd quarter. Van ECK Associates Corp now owns 41,687,233 shares of the basic materials company’s stock valued at $292,644,000 after purchasing an additional 167,467 shares during the last quarter. Finally, FDx Advisors Inc. purchased a new stake in Alamos Gold in the 2nd quarter worth about $151,000. 62.33% of the stock is owned by institutional investors.

Alamos Gold Company Profile

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Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of precious metals in Canada, Mexico, the United States, and Turkey. It primary explores for gold and silver. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 5,587 hectares located in Matachewan in the Northern Ontario, Canada.

Further Reading

Analyst Recommendations for Alamos Gold (NYSE:AGI)

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