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Morgan Stanley began coverage on shares of Alamos Gold (NYSE:AGI) in a research note issued on Wednesday. The firm set an “equal weight” rating on the stock.

Separately, 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $15.15.

Shares of Alamos Gold (NYSE:AGI) opened at 9.04 on Wednesday. Alamos Gold has a 52 week low of $8.00 and a 52 week high of $17.38. The stock has a 50-day moving average of $9.42 and a 200-day moving average of $9.43. The company has a market cap of $1.151 billion and a P/E ratio of 158.79.

Alamos Gold (NYSE:AGI) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the 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 in the previous 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. On average, analysts predict that Alamos Gold will post $0.08 earnings per share 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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