Shares of Alamos Gold Inc (NYSE:AGI) (TSE:AGI) have been assigned a consensus recommendation of “Hold” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $8.88.
A number of brokerages recently weighed in on AGI. Credit Suisse Group cut their price objective on Alamos Gold from $8.00 to $6.50 and set an “outperform” rating on the stock in a research note on Wednesday, March 21st. Zacks Investment Research downgraded Alamos Gold from a “hold” rating to a “sell” rating in a research note on Thursday, April 12th. ValuEngine downgraded Alamos Gold from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 12th. Desjardins raised Alamos Gold from a “hold” rating to a “buy” rating in a research note on Thursday, June 7th. Finally, TheStreet raised Alamos Gold from a “d+” rating to a “c-” rating in a report on Wednesday, June 6th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGI. Aperio Group LLC acquired a new stake in Alamos Gold in the 4th quarter valued at approximately $196,000. Swiss National Bank grew its holdings in Alamos Gold by 30.1% in the 4th quarter. Swiss National Bank now owns 657,836 shares of the basic materials company’s stock valued at $4,290,000 after buying an additional 152,115 shares during the last quarter. Candriam Luxembourg S.C.A. acquired a new stake in Alamos Gold in the 4th quarter valued at approximately $571,000. Wells Fargo & Company MN grew its holdings in shares of Alamos Gold by 110.2% during the 4th quarter. Wells Fargo & Company MN now owns 665,375 shares of the basic materials company’s stock worth $4,332,000 after purchasing an additional 348,777 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Alamos Gold by 80.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 463,517 shares of the basic materials company’s stock worth $3,017,000 after purchasing an additional 206,164 shares in the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.
Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Tuesday, May 1st. The basic materials company reported $0.03 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.03. Alamos Gold had a return on equity of 2.09% and a net margin of 4.56%. The business had revenue of $173.10 million for the quarter, compared to the consensus estimate of $166.76 million. The firm’s revenue was up 43.1% compared to the same quarter last year. sell-side analysts predict that Alamos Gold will post 0.13 earnings per share for the current fiscal year.
Alamos Gold Company Profile
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.
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