Alamos Gold Inc. (AGI) Receives Consensus Rating of “Hold” from Analysts
Shares of Alamos Gold Inc. (NYSE:AGI) have been given a consensus recommendation of “Hold” by the fourteen ratings firms that are presently covering the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $9.38.
A number of analysts have weighed in on AGI shares. Canaccord Genuity reaffirmed a “hold” rating and set a $12.50 price objective (down from $14.00) on shares of Alamos Gold in a research report on Saturday, August 13th. Zacks Investment Research downgraded Alamos Gold from a “buy” rating to a “hold” rating in a research note on Monday, August 15th. National Bank Financial raised Alamos Gold from a “sector perform overweight” rating to an “outperform overweight” rating in a research note on Wednesday, August 10th. Desjardins raised Alamos Gold from a “hold” rating to a “buy” rating in a research note on Thursday, August 11th. Finally, TD Securities reissued a “hold” rating and set a $11.50 target price (up from $10.00) on shares of Alamos Gold in a research note on Saturday, August 13th.
A number of hedge funds have recently made changes to their positions in the stock. CIBC World Markets Inc. raised its stake in shares of Alamos Gold by 1.3% in the first quarter. CIBC World Markets Inc. now owns 105,678 shares of the company’s stock valued at $559,000 after buying an additional 1,385 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Alamos Gold by 8.4% in the first quarter. Franklin Resources Inc. now owns 5,378,405 shares of the company’s stock worth $28,507,000 after buying an additional 418,900 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Alamos Gold by 226.7% in the first quarter. BlackRock Fund Advisors now owns 51,860 shares of the company’s stock worth $274,000 after buying an additional 35,984 shares during the last quarter. Royce & Associates LP increased its position in shares of Alamos Gold by 14.3% in the first quarter. Royce & Associates LP now owns 1,455,144 shares of the company’s stock worth $7,708,000 after buying an additional 181,600 shares during the last quarter. Finally, Investec Asset Management LTD bought a new position in shares of Alamos Gold during the first quarter worth approximately $9,608,000. 60.54% of the stock is owned by hedge funds and other institutional investors.
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Alamos Gold (NYSE:AGI) traded down 2.83% during mid-day trading on Tuesday, reaching $7.21. The company’s stock had a trading volume of 938,084 shares. Alamos Gold has a 12-month low of $2.27 and a 12-month high of $10.41. The stock’s market cap is $1.93 billion. The firm’s 50 day moving average price is $7.95 and its 200 day moving average price is $7.68.
Alamos Gold (NYSE:AGI) last released its quarterly earnings data on Wednesday, August 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). The business earned $120.10 million during the quarter, compared to analysts’ expectations of $129.13 million. Alamos Gold had a negative return on equity of 3.73% and a negative net margin of 21.64%. The business’s quarterly revenue was up 68.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.11) EPS. On average, equities analysts predict that Alamos Gold will post $0.01 earnings per share for the current year.
The company also recently disclosed a semiannual dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 14th will be issued a $0.01 dividend. This represents a yield of 0.24%. The ex-dividend date is Wednesday, October 12th. Alamos Gold’s dividend payout ratio is currently -5.41%.
About Alamos Gold
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.
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