Alamos Gold Target of Unusually High Options Trading (AGI)
Alamos Gold (NYSE:AGI) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 15 put options on the stock, American Banking and Market News reports. This is an increase of approximately 400% compared to the typical daily volume of 3 put options.
A number of research firms have recently commented on AGI. Analysts at Scotiabank upgraded shares of Alamos Gold from an “underperform” rating to a “sector perform” rating in a research note on Friday, August 1st. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Alamos Gold in a research note on Thursday, May 29th. They now have a $10.50 price target on the stock, down previously from $11.00. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.12.
Alamos Gold (NYSE:AGI) traded up 0.10% on Wednesday, hitting $9.99. 178,005 shares of the company’s stock traded hands. Alamos Gold has a 1-year low of $8.00 and a 1-year high of $17.38. The stock has a 50-day moving average of $9.68 and a 200-day moving average of $9.44. The company has a market cap of $1.272 billion and a P/E ratio of 172.07.
Alamos Gold (NYSE:AGI) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.01. The company had revenue of $43.84 million for the quarter, compared to the consensus estimate of $49.38 million. During the same quarter last year, the company posted ($0.07) earnings per share. The company’s revenue for the quarter was down 44.0% on a year-over-year basis. Analysts expect that Alamos Gold will post $0.09 EPS for the current fiscal year.
Alamos Gold Inc is engaged in the acquisition, exploration, development and extraction of precious metals in Mexico and Turkey.
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