Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) – Investment analysts at National Bank Financial boosted their FY2018 earnings per share estimates for shares of Alamos Gold Inc (US) in a report released on Wednesday. National Bank Financial analyst M. Parkin now expects that the basic materials company will post earnings per share of $0.18 for the year, up from their prior estimate of $0.16.
Other analysts have also recently issued reports about the company. ValuEngine cut Alamos Gold Inc (US) from a “hold” rating to a “sell” rating in a research note on Friday. Royal Bank of Canada set a $9.00 price target on Alamos Gold Inc (US) and gave the company a “hold” rating in a research note on Monday, January 15th. BMO Capital Markets reaffirmed a “buy” rating and issued a $11.50 price target (down from $14.00) on shares of Alamos Gold Inc (US) in a research note on Friday, November 24th. Scotiabank lowered their price target on Alamos Gold Inc (US) from $11.00 to $9.00 and set a “sector perform” rating for the company in a research note on Monday, December 18th. Finally, Zacks Investment Research cut Alamos Gold Inc (US) from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Alamos Gold Inc (US) currently has an average rating of “Hold” and an average target price of $9.29.
Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Alamos Gold Inc (US) had a return on equity of 1.07% and a net margin of 2.08%.
Several hedge funds have recently made changes to their positions in AGI. Empirical Finance LLC bought a new stake in shares of Alamos Gold Inc (US) in the 3rd quarter valued at about $138,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of Alamos Gold Inc (US) by 3.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 20,070 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 717 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Alamos Gold Inc (US) in the 4th quarter valued at about $162,000. Oxbow Advisors LLC increased its stake in Alamos Gold Inc (US) by 80.2% during the 3rd quarter. Oxbow Advisors LLC now owns 26,072 shares of the basic materials company’s stock worth $176,000 after purchasing an additional 11,605 shares in the last quarter. Finally, Aperio Group LLC bought a new stake in Alamos Gold Inc (US) during the 4th quarter worth approximately $196,000. 63.00% of the stock is owned by institutional investors.
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About Alamos Gold Inc (US)
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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