Alamos Gold Inc (US) (AGI) Receives Average Rating of “Hold” from Analysts

Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) has received a consensus rating of “Hold” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $9.80.

Several analysts have recently commented on AGI shares. Royal Bank of Canada set a $9.00 target price on shares of Alamos Gold Inc (US) and gave the stock a “hold” rating in a research note on Monday, January 15th. Zacks Investment Research upgraded shares of Alamos Gold Inc (US) from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a research note on Tuesday, January 16th. ValuEngine cut shares of Alamos Gold Inc (US) from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. BMO Capital Markets restated a “buy” rating and issued a $11.50 target price (down previously from $14.00) on shares of Alamos Gold Inc (US) in a research note on Friday, November 24th. Finally, Desjardins restated a “hold” rating on shares of Alamos Gold Inc (US) in a research note on Monday, December 11th.

Hedge funds have recently added to or reduced their stakes in the company. Schroder Investment Management Group lifted its stake in shares of Alamos Gold Inc (US) by 16.4% in the third quarter. Schroder Investment Management Group now owns 141,361 shares of the basic materials company’s stock valued at $1,027,000 after purchasing an additional 19,910 shares during the period. Harvest Management LLC acquired a new stake in shares of Alamos Gold Inc (US) in the third quarter valued at about $270,000. Bank of Montreal Can lifted its stake in shares of Alamos Gold Inc (US) by 30.4% in the fourth quarter. Bank of Montreal Can now owns 2,854,256 shares of the basic materials company’s stock valued at $18,581,000 after purchasing an additional 665,879 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Alamos Gold Inc (US) by 23.9% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 188,458 shares of the basic materials company’s stock valued at $1,274,000 after purchasing an additional 36,307 shares during the period. Finally, Ninepoint Partners LP acquired a new stake in shares of Alamos Gold Inc (US) in the third quarter valued at about $3,876,000. Institutional investors own 50.75% of the company’s stock.

Shares of Alamos Gold Inc (AGI) opened at $5.38 on Wednesday. Alamos Gold Inc has a 52 week low of $5.01 and a 52 week high of $8.83. The company has a market cap of $2,003.66, a price-to-earnings ratio of 269.00 and a beta of 0.35.

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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.

Analyst Recommendations for Alamos Gold Inc (US) (NYSE:AGI)

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