Alamos Gold Inc. (NYSE:AGI) Upgraded by Zacks Investment Research to Hold
Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson mine in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico. “
AGI has been the topic of a number of other reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $9.00 price objective on shares of Alamos Gold in a research report on Wednesday, May 24th. BidaskClub raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. National Bank Financial reissued an “outperform market weight” rating on shares of Alamos Gold in a research report on Sunday, July 23rd. ValuEngine downgraded shares of Alamos Gold from a “hold” rating to a “sell” rating in a research report on Tuesday, June 6th. Finally, Raymond James Financial, Inc. reissued an “ourperform” rating and issued a $12.00 target price on shares of Alamos Gold in a research report on Thursday, June 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $10.88.
Shares of Alamos Gold (NYSE:AGI) traded down 1.05% during trading on Tuesday, hitting $7.57. 2,192,429 shares of the stock were exchanged. The stock’s market cap is $2.26 billion. The stock’s 50 day moving average is $7.00 and its 200-day moving average is $7.39. Alamos Gold has a 12-month low of $5.95 and a 12-month high of $9.38.
Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. Alamos Gold had a negative net margin of 2.61% and a positive return on equity of 0.45%. The firm had revenue of $131.30 million for the quarter, compared to the consensus estimate of $125.71 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. Equities research analysts anticipate that Alamos Gold will post $0.10 EPS for the current year.
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A number of hedge funds have recently bought and sold shares of AGI. SG Americas Securities LLC acquired a new stake in Alamos Gold during the second quarter valued at approximately $106,000. Comerica Bank boosted its stake in shares of Alamos Gold by 1.6% in the first quarter. Comerica Bank now owns 15,265 shares of the basic materials company’s stock worth $108,000 after buying an additional 234 shares during the last quarter. World Asset Management Inc boosted its stake in shares of Alamos Gold by 0.4% in the first quarter. World Asset Management Inc now owns 16,354 shares of the basic materials company’s stock worth $131,000 after buying an additional 58 shares during the last quarter. Bbva Compass Bancshares Inc. boosted its stake in shares of Alamos Gold by 27.2% in the first quarter. Bbva Compass Bancshares Inc. now owns 19,128 shares of the basic materials company’s stock worth $154,000 after buying an additional 4,090 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Alamos Gold by 3.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 19,353 shares of the basic materials company’s stock worth $155,000 after buying an additional 594 shares during the last quarter. 66.93% of the stock is owned by institutional investors.
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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