Alamos Gold (NYSE:AGI – Get Rating) (TSE:AGI) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c+” rating in a research report issued on Thursday, TheStreetRatingsTable reports.
AGI has been the subject of several other research reports. StockNews.com upgraded Alamos Gold from a “sell” rating to a “hold” rating in a research report on Saturday, August 6th. National Bank Financial reduced their price target on Alamos Gold from C$13.00 to C$12.50 in a research report on Thursday, July 21st. Stifel Nicolaus lowered their price target on Alamos Gold from C$18.25 to C$16.00 in a research report on Wednesday, July 20th. Canaccord Genuity Group raised their target price on shares of Alamos Gold from C$12.00 to C$13.00 in a research note on Thursday, June 30th. Finally, TD Securities increased their price objective on shares of Alamos Gold from C$16.00 to C$16.50 in a research report on Thursday, June 30th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Alamos Gold has a consensus rating of “Moderate Buy” and a consensus target price of $12.75.
Alamos Gold Stock Performance
Shares of AGI opened at $7.18 on Thursday. Alamos Gold has a 52 week low of $6.51 and a 52 week high of $9.22. The company’s 50 day moving average price is $7.49 and its 200 day moving average price is $7.74. The company has a market capitalization of $2.82 billion, a PE ratio of 51.29, a PEG ratio of 3.08 and a beta of 1.09.
Alamos Gold (NYSE:AGI – Get Rating) (TSE:AGI) last announced its earnings results on Wednesday, July 27th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Alamos Gold had a return on equity of 4.51% and a net margin of 6.76%. The firm had revenue of $191.20 million during the quarter, compared to analysts’ expectations of $195.11 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The company’s revenue was down 2.0% on a year-over-year basis. On average, equities analysts forecast that Alamos Gold will post 0.32 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Alamos Gold
Hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC purchased a new stake in shares of Alamos Gold in the first quarter worth approximately $26,000. Eagle Bay Advisors LLC bought a new position in Alamos Gold during the 2nd quarter valued at $37,000. Evanson Asset Management LLC purchased a new position in Alamos Gold during the 2nd quarter worth $73,000. King Wealth bought a new stake in shares of Alamos Gold in the 2nd quarter worth $77,000. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Alamos Gold by 58.8% in the first quarter. Brown Brothers Harriman & Co. now owns 9,901 shares of the basic materials company’s stock valued at $83,000 after purchasing an additional 3,665 shares during the last quarter. 50.89% of the stock is owned by institutional investors.
Alamos Gold Company Profile
Alamos gold holding oorperatief u.a. operates as a subsidiary of Alamos Gold Inc
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