Stifel Nicolaus Begins Coverage on Alamos Gold (NYSE:AGI)

Analysts at Stifel Nicolaus started coverage on shares of Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI in a research report issued on Wednesday, MarketBeat reports. The brokerage set a "buy" rating on the basic materials company's stock.

Other equities analysts also recently issued reports about the company. Royal Bank Of Canada upped their price target on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Finally, Bank of America dropped their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $30.38.

Alamos Gold Stock Up 1.5%

Shares of AGI traded up $0.39 during trading hours on Wednesday, hitting $26.49. The company had a trading volume of 2,658,018 shares, compared to its average volume of 2,903,031. The company has a current ratio of 1.49, a quick ratio of 0.94 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $11.13 billion, a PE ratio of 42.73, a price-to-earnings-growth ratio of 0.53 and a beta of 0.54. Alamos Gold has a one year low of $15.74 and a one year high of $31.00. The company's fifty day moving average price is $26.33 and its two-hundred day moving average price is $24.40.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.05). Alamos Gold had a net margin of 18.36% and a return on equity of 9.83%. The firm had revenue of $333.00 million for the quarter, compared to analysts' expectations of $324.98 million. During the same period in the previous year, the company posted $0.13 earnings per share. The business's quarterly revenue was up 20.0% compared to the same quarter last year. As a group, equities analysts forecast that Alamos Gold will post 1.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alamos Gold

Institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in shares of Alamos Gold in the fourth quarter worth approximately $28,950,000. Amundi raised its position in shares of Alamos Gold by 19.1% in the fourth quarter. Amundi now owns 1,611,367 shares of the basic materials company's stock valued at $31,148,000 after buying an additional 257,859 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Alamos Gold by 93.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 178,170 shares of the basic materials company's stock worth $3,285,000 after buying an additional 86,137 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in Alamos Gold in the 4th quarter valued at about $136,000. Finally, AGF Management Ltd. purchased a new position in Alamos Gold in the 4th quarter worth approximately $6,178,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

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.