Alamos Gold (NYSE:AGI) Upgraded at TheStreet

TheStreet upgraded shares of Alamos Gold (NYSE:AGI) (TSE:AGI) from a d+ rating to a c- rating in a research note issued to investors on Thursday, TheStreetRatingsTable reports.

AGI has been the subject of a number of other reports. CIBC restated a buy rating and set a $9.00 price objective on shares of Alamos Gold in a research report on Friday, June 21st. Canaccord Genuity raised their price objective on from GBX 495 ($6.47) to GBX 500 ($6.53) and gave the stock a buy rating in a research report on Thursday, June 13th. National Bank Financial lowered their target price on Yamana Gold from C$5.25 to C$5.00 in a report on Thursday, March 21st. Zacks Investment Research upgraded DLH from a sell rating to a hold rating in a report on Tuesday, July 9th. Finally, Credit Suisse Group assumed coverage on New Gold in a report on Tuesday, April 16th. They issued a neutral rating and a $1.00 target price for the company. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Alamos Gold has an average rating of Buy and a consensus price target of $6.77.

AGI opened at $6.75 on Thursday. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 135.00, a P/E/G ratio of 0.93 and a beta of 0.33. Alamos Gold has a 52-week low of $2.90 and a 52-week high of $6.75. The stock’s fifty day moving average is $5.77.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, May 1st. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $156.00 million for the quarter, compared to analyst estimates of $163.19 million. Alamos Gold had a positive return on equity of 0.67% and a negative net margin of 8.88%. Alamos Gold’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 EPS. On average, sell-side analysts forecast that Alamos Gold will post 0.14 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Thursday, June 13th. Alamos Gold’s dividend payout ratio (DPR) is presently 80.00%.

Hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC purchased a new position in shares of Alamos Gold in the 4th quarter worth $57,000. Virtu Financial LLC purchased a new position in shares of Alamos Gold in the 1st quarter worth $158,000. Falcon Point Capital LLC purchased a new position in shares of Alamos Gold in the 2nd quarter worth $159,000. Sigma Planning Corp purchased a new position in shares of Alamos Gold in the 1st quarter worth $160,000. Finally, King Luther Capital Management Corp purchased a new position in Alamos Gold during the first quarter valued at $183,000. 56.90% of the stock is owned by institutional investors.

About Alamos Gold

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's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.

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Analyst Recommendations for Alamos Gold (NYSE:AGI)

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