Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI had its price objective boosted by equities researchers at Bank of America from $40.00 to $43.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the basic materials company's stock. Bank of America's price objective would suggest a potential upside of 19.30% from the company's current price.
A number of other analysts also recently commented on AGI. Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Zacks Research raised shares of Alamos Gold from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 3rd. Stifel Nicolaus started coverage on Alamos Gold in a report on Wednesday, July 9th. They issued a "buy" rating on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alamos Gold in a research note on Wednesday, October 8th. Finally, National Bankshares reiterated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $35.33.
Check Out Our Latest Stock Report on AGI
Alamos Gold Trading Up 5.8%
Shares of Alamos Gold stock opened at $36.05 on Thursday. The firm has a market capitalization of $15.16 billion, a PE ratio of 43.43, a P/E/G ratio of 0.69 and a beta of 0.50. Alamos Gold has a twelve month low of $17.42 and a twelve month high of $36.13. The firm's 50-day moving average price is $31.21 and its 200 day moving average price is $28.15. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The firm had revenue of $438.20 million for the quarter, compared to analyst estimates of $400.61 million. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. Alamos Gold's quarterly revenue was up 31.7% compared to the same quarter last year. During the same period last year, the company posted $0.24 EPS. On average, sell-side analysts predict that Alamos Gold will post 1.29 EPS for the current fiscal year.
Hedge Funds Weigh In On Alamos Gold
A number of institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC grew its stake in shares of Alamos Gold by 37.7% during the third quarter. CWM LLC now owns 9,798 shares of the basic materials company's stock worth $342,000 after purchasing an additional 2,683 shares in the last quarter. Canoe Financial LP grew its stake in shares of Alamos Gold by 9.2% during the third quarter. Canoe Financial LP now owns 240,500 shares of the basic materials company's stock worth $8,381,000 after purchasing an additional 20,278 shares in the last quarter. Alpine Woods Capital Investors LLC acquired a new position in shares of Alamos Gold during the third quarter worth $244,000. Pure Portfolios Holdings LLC grew its stake in shares of Alamos Gold by 4.4% during the third quarter. Pure Portfolios Holdings LLC now owns 19,548 shares of the basic materials company's stock worth $681,000 after purchasing an additional 825 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Alamos Gold by 528.4% during the third quarter. Farther Finance Advisors LLC now owns 4,468 shares of the basic materials company's stock worth $156,000 after purchasing an additional 3,757 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.
Alamos Gold Company Profile
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Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.
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