Alamos Gold (NYSE:AGI) (TSE:AGI)‘s stock had its “hold” rating reissued by Raymond James in a research note issued to investors on Thursday, AnalystRatings.com reports. They presently have a $10.50 target price on the basic materials company’s stock. Raymond James’ price target points to a potential upside of 104.28% from the company’s previous close.
Other equities research analysts also recently issued reports about the stock. ValuEngine upgraded shares of Alamos Gold from a “strong sell” rating to a “sell” rating in a research report on Tuesday. TheStreet upgraded shares of Alamos Gold from a “d+” rating to a “c-” rating in a research report on Thursday, July 18th. CIBC reiterated a “buy” rating and issued a $9.00 price target on shares of Alamos Gold in a research report on Friday, June 21st. Finally, Zacks Investment Research upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $7.75.
Shares of NYSE AGI traded up $0.11 during midday trading on Thursday, reaching $5.14. The company’s stock had a trading volume of 170,499 shares, compared to its average volume of 2,611,050. Alamos Gold has a fifty-two week low of $2.90 and a fifty-two week high of $7.78. The business’s 50 day moving average price is $6.32 and its two-hundred day moving average price is $5.81. The company has a market cap of $2.09 billion, a P/E ratio of 102.60 and a beta of 0.19.
Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Alamos Gold had a negative net margin of 3.77% and a positive return on equity of 1.16%. The company had revenue of $168.10 million during the quarter, compared to the consensus estimate of $167.01 million. During the same period in the previous year, the business earned $0.01 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts anticipate that Alamos Gold will post 0.22 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Alamos Gold by 12.4% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 1,123,227 shares of the basic materials company’s stock valued at $6,515,000 after purchasing an additional 124,304 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Alamos Gold by 64.5% during the third quarter. Assenagon Asset Management S.A. now owns 862,155 shares of the basic materials company’s stock valued at $5,000,000 after purchasing an additional 338,090 shares during the period. Winmill & CO. Inc. acquired a new position in shares of Alamos Gold during the third quarter valued at about $1,305,000. Hexavest Inc. raised its holdings in shares of Alamos Gold by 74.7% during the third quarter. Hexavest Inc. now owns 875,584 shares of the basic materials company’s stock valued at $5,078,000 after purchasing an additional 374,344 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in shares of Alamos Gold by 93.6% during the second quarter. Mackenzie Financial Corp now owns 797,167 shares of the basic materials company’s stock valued at $4,823,000 after purchasing an additional 385,310 shares during the period. Institutional investors and hedge funds own 54.94% of the company’s stock.
Alamos Gold Company Profile
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.
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