Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) had its price objective lowered by stock analysts at Royal Bank of Canada from $9.00 to $8.50 in a research report issued on Tuesday. The firm presently has a “sector perform” rating on the basic materials company’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 38.89% from the company’s current price.
A number of other equities research analysts also recently weighed in on the company. Desjardins reaffirmed a “hold” rating on shares of Alamos Gold Inc (US) in a research note on Monday, December 11th. BMO Capital Markets reaffirmed a “buy” rating and set a $11.50 price target (down from $14.00) on shares of Alamos Gold Inc (US) in a research note on Friday, November 24th. Zacks Investment Research raised Alamos Gold Inc (US) from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a research note on Tuesday, December 5th. Scotiabank cut 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, ValuEngine raised Alamos Gold Inc (US) from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $9.60.
Shares of Alamos Gold Inc (NYSE AGI) opened at $6.12 on Tuesday. Alamos Gold Inc has a 1 year low of $5.84 and a 1 year high of $9.00. The company has a market capitalization of $2,381.04, a PE ratio of 306.00 and a beta of 0.46.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Montrusco Bolton Investments Inc. acquired a new stake in shares of Alamos Gold Inc (US) during the 4th quarter worth approximately $18,900,000. Fruth Investment Management acquired a new stake in shares of Alamos Gold Inc (US) during the 4th quarter worth approximately $383,000. Moors & Cabot Inc. acquired a new stake in shares of Alamos Gold Inc (US) during the 3rd quarter worth approximately $222,000. Jane Street Group LLC grew its holdings in shares of Alamos Gold Inc (US) by 442.5% during the 3rd quarter. Jane Street Group LLC now owns 402,032 shares of the basic materials company’s stock worth $2,718,000 after purchasing an additional 327,918 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Alamos Gold Inc (US) during the 3rd quarter worth approximately $1,373,000. 63.00% of the stock is currently owned by hedge funds and other 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.
