Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) has earned an average recommendation of “Hold” from the nine brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $10.50.

A number of equities research analysts have recently issued reports on AGI shares. Raymond James Financial, Inc. reissued an “ourperform” rating and issued a $12.00 price target on shares of Alamos Gold Inc (US) in a report on Thursday, June 15th. ValuEngine downgraded shares of Alamos Gold Inc (US) from a “hold” rating to a “sell” rating in a report on Monday, September 11th. Royal Bank Of Canada set a $9.00 price target on shares of Alamos Gold Inc (US) and gave the stock a “hold” rating in a report on Tuesday. National Bank Financial reissued an “outperform market weight” rating on shares of Alamos Gold Inc (US) in a report on Sunday, July 23rd. Finally, BidaskClub downgraded shares of Alamos Gold Inc (US) from a “hold” rating to a “sell” rating in a report on Friday, July 7th.

Several hedge funds have recently bought and sold shares of the stock. Bank of Nova Scotia increased its position in shares of Alamos Gold Inc (US) by 105.1% in the second quarter. Bank of Nova Scotia now owns 83,073 shares of the basic materials company’s stock worth $589,000 after purchasing an additional 42,573 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Alamos Gold Inc (US) by 3.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 20,070 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 717 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Alamos Gold Inc (US) by 349.7% in the second quarter. Tower Research Capital LLC TRC now owns 94,122 shares of the basic materials company’s stock worth $866,000 after purchasing an additional 73,193 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Alamos Gold Inc (US) in the second quarter worth approximately $639,000. Finally, BlueCrest Capital Management Ltd increased its position in shares of Alamos Gold Inc (US) by 16.5% in the second quarter. BlueCrest Capital Management Ltd now owns 117,433 shares of the basic materials company’s stock worth $843,000 after purchasing an additional 16,654 shares during the last quarter. Institutional investors own 63.26% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Alamos Gold Inc (US) (AGI) Given Average Recommendation of “Hold” by Analysts” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this article on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/10/11/alamos-gold-inc-us-agi-given-average-recommendation-of-hold-by-analysts.html.

Alamos Gold Inc (NYSE:AGI) traded up 1.27% during trading on Wednesday, reaching $7.17. The stock has a 50 day moving average of $7.44 and a 200 day moving average of $7.26. Alamos Gold Inc has a 12 month low of $5.95 and a 12 month high of $9.00. The company’s market cap is $2.16 billion.

Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Alamos Gold Inc (US) had a negative net margin of 2.61% and a positive return on equity of 0.44%. 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 prior year, the firm posted ($0.01) earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities analysts anticipate that Alamos Gold Inc will post $0.09 earnings per share for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 16th will be given a $0.01 dividend. This represents a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, October 13th. Alamos Gold Inc (US)’s dividend payout ratio (DPR) is -39.99%.

Alamos Gold Inc (US) Company Profile

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.

Receive News & Ratings for Alamos Gold Inc (US) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamos Gold Inc (US) and related companies with MarketBeat.com's FREE daily email newsletter.