Alamos Gold Inc. (AGI) Receives Consensus Rating of “Hold” from Brokerages

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has been assigned an average rating of “Hold” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $10.83.

AGI has been the topic of several recent analyst reports. ValuEngine lowered Alamos Gold from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. Royal Bank Of Canada set a $9.00 price target on Alamos Gold and gave the company a “hold” rating in a research note on Tuesday, October 10th. Zacks Investment Research raised Alamos Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. BMO Capital Markets reaffirmed a “buy” rating and issued a $11.50 price target (down previously from $14.00) on shares of Alamos Gold in a research note on Friday, November 24th. Finally, BidaskClub raised Alamos Gold from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th.

Shares of Alamos Gold (NYSE:AGI) opened at $6.33 on Friday. Alamos Gold has a fifty-two week low of $5.95 and a fifty-two week high of $9.00. The firm has a market capitalization of $2,450.00 and a P/E ratio of 108.50.

Institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. increased its stake in Alamos Gold by 50.6% during the 2nd quarter. Franklin Resources Inc. now owns 38,805,105 shares of the basic materials company’s stock worth $277,916,000 after acquiring an additional 13,039,324 shares during the period. Prudential PLC boosted its holdings in shares of Alamos Gold by 9.7% in the 2nd quarter. Prudential PLC now owns 11,897,191 shares of the basic materials company’s stock valued at $85,422,000 after purchasing an additional 1,054,961 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Alamos Gold by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 6,076,445 shares of the basic materials company’s stock valued at $43,628,000 after purchasing an additional 327,326 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Alamos Gold by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,349,821 shares of the basic materials company’s stock valued at $38,411,000 after purchasing an additional 727,055 shares in the last quarter. Finally, Fiera Capital Corp boosted its holdings in shares of Alamos Gold by 220.7% in the 2nd quarter. Fiera Capital Corp now owns 4,827,103 shares of the basic materials company’s stock valued at $34,148,000 after purchasing an additional 3,321,741 shares in the last quarter. 63.00% of the stock is currently owned by institutional investors.

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Alamos Gold 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.

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