Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Thursday.
Several other research firms have also weighed in on AGI. Jefferies Financial Group lifted their target price on shares of Alamos Gold from $14.00 to $18.00 and gave the company a "buy" rating in a report on Monday, April 22nd. Royal Bank of Canada increased their target price on shares of Alamos Gold from $16.00 to $18.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 23rd. National Bank Financial restated an "outperform overweight" rating on shares of Alamos Gold in a research note on Monday, April 8th. 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 report on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $18.15.
Check Out Our Latest Stock Analysis on AGI
Alamos Gold Stock Performance
NYSE AGI traded up $0.15 on Thursday, reaching $16.28. 2,308,218 shares of the company's stock traded hands, compared to its average volume of 2,522,785. Alamos Gold has a fifty-two week low of $10.78 and a fifty-two week high of $16.37. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 31.35, a P/E/G ratio of 3.75 and a beta of 1.16. The stock has a 50 day moving average price of $14.66 and a 200-day moving average price of $13.52.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $277.60 million during the quarter, compared to analysts' expectations of $271.15 million. Alamos Gold had a return on equity of 7.38% and a net margin of 19.41%. The company's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 EPS. As a group, equities research analysts anticipate that Alamos Gold will post 0.67 EPS for the current fiscal year.
Institutional Investors Weigh In On Alamos Gold
A number of large investors have recently modified their holdings of the business. Norges Bank acquired a new position in Alamos Gold during the fourth quarter worth $64,117,000. Van ECK Associates Corp grew its holdings in shares of Alamos Gold by 8.3% in the first quarter. Van ECK Associates Corp now owns 52,397,485 shares of the basic materials company's stock valued at $772,863,000 after purchasing an additional 4,009,220 shares during the period. Price T Rowe Associates Inc. MD increased its position in Alamos Gold by 71.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company's stock worth $97,183,000 after purchasing an additional 2,756,759 shares during the last quarter. Ninety One UK Ltd raised its stake in Alamos Gold by 84.9% during the fourth quarter. Ninety One UK Ltd now owns 3,002,701 shares of the basic materials company's stock worth $40,580,000 after purchasing an additional 1,378,456 shares during the period. Finally, Fiera Capital Corp boosted its holdings in Alamos Gold by 3,490.2% in the 4th quarter. Fiera Capital Corp now owns 1,213,495 shares of the basic materials company's stock valued at $16,373,000 after purchasing an additional 1,179,695 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.
About Alamos Gold
(
Get Free Report)
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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