Alamos Gold (NYSE:AGI) Receives Buy (B) Rating from Weiss Ratings

Key Points

• Alamos Gold's stock has been reaffirmed with a "buy (b)" rating by Weiss Ratings, indicating strong investor confidence.
• The company saw a stock price increase of 1.8%, closing at $34.14 with significant trading volume of over 1.5 million shares.
• Equities analysts report a consensus rating of "Buy" for Alamos Gold, with a price target of $31.17, showcasing positive market sentiment.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI's stock had its "buy (b)" rating reaffirmed by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued reports about the stock. Zacks Research raised shares of Alamos Gold from a "hold" rating to a "strong-buy" rating in a report on Friday, October 3rd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Tuesday, September 16th. National Bankshares reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Stifel Canada upgraded Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, Stifel Nicolaus began coverage on Alamos Gold in a research note on Wednesday, July 9th. They set a "buy" rating on the stock. Three analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $31.17.

Alamos Gold Stock Up 1.8%

NYSE:AGI traded up $0.61 during trading hours on Wednesday, hitting $34.14. 1,550,726 shares of the company traded hands, compared to its average volume of 3,547,995. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The company has a market cap of $14.36 billion, a PE ratio of 41.12, a PEG ratio of 0.71 and a beta of 0.50. The firm's 50-day simple moving average is $30.17 and its 200-day simple moving average is $27.83. Alamos Gold has a one year low of $17.42 and a one year high of $35.61.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The firm had revenue of $438.20 million for the quarter, compared to the consensus estimate of $400.61 million. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. The business's revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS. Equities analysts predict that Alamos Gold will post 1.29 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. 1620 Investment Advisors Inc. purchased a new position in shares of Alamos Gold during the third quarter worth about $35,000. Ameritas Advisory Services LLC bought a new stake in Alamos Gold in the 2nd quarter worth approximately $30,000. Banque Transatlantique SA bought a new stake in Alamos Gold in the 1st quarter worth approximately $31,000. Sunbelt Securities Inc. bought a new stake in Alamos Gold in the 1st quarter worth approximately $41,000. Finally, SBI Securities Co. Ltd. lifted its position in Alamos Gold by 67.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after buying an additional 660 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

About Alamos Gold

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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