Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Sunday.
A number of other brokerages have also recently commented on AGI. Royal Bank of Canada raised Alamos Gold from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $12.00 to $16.00 in a report on Thursday, January 11th. National Bank Financial reiterated an "outperform overweight" rating on shares of Alamos Gold in a research note on Monday, April 8th. Jefferies Financial Group assumed coverage on Alamos Gold in a research note on Thursday, February 29th. They issued a "buy" rating and a $14.00 price target for the company. Finally, Bank of America upgraded Alamos Gold from a "neutral" rating to a "buy" rating and increased their price target for the stock from $21.75 to $27.25 in a research note on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $16.95.
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Alamos Gold Stock Performance
Shares of NYSE AGI traded down $0.16 during midday trading on Friday, hitting $15.21. 5,405,708 shares of the stock traded hands, compared to its average volume of 2,719,708. The firm has a 50-day moving average of $13.18 and a two-hundred day moving average of $13.01. The firm has a market capitalization of $6.05 billion, a P/E ratio of 28.70, a PEG ratio of 3.75 and a beta of 1.15. Alamos Gold has a one year low of $10.78 and a one year high of $16.01.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its earnings results on Thursday, February 22nd. The basic materials company reported $0.12 EPS for the quarter, hitting analysts' consensus estimates of $0.12. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. The company had revenue of $254.60 million for the quarter, compared to analysts' expectations of $257.47 million. During the same period last year, the firm earned $0.09 EPS. Alamos Gold's revenue for the quarter was up 9.8% compared to the same quarter last year. Equities analysts forecast that Alamos Gold will post 0.66 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Advisor Group Holdings Inc. grew its position in Alamos Gold by 5.1% in the first quarter. Advisor Group Holdings Inc. now owns 29,621 shares of the basic materials company's stock worth $239,000 after acquiring an additional 1,432 shares in the last quarter. JPMorgan Chase & Co. grew its position in Alamos Gold by 56.4% in the first quarter. JPMorgan Chase & Co. now owns 535,028 shares of the basic materials company's stock worth $4,505,000 after acquiring an additional 192,939 shares in the last quarter. Raymond James & Associates grew its position in Alamos Gold by 24.1% in the first quarter. Raymond James & Associates now owns 300,000 shares of the basic materials company's stock worth $2,526,000 after acquiring an additional 58,298 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in Alamos Gold in the first quarter worth about $101,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Alamos Gold by 9.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 61,429 shares of the basic materials company's stock worth $517,000 after purchasing an additional 5,434 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.
About Alamos Gold
(
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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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