Jefferies Financial Group Increases Alamos Gold (NYSE:AGI) Price Target to $18.00

Alamos Gold (NYSE:AGI) (TSE:AGI) had its price target boosted by Jefferies Financial Group from $14.00 to $18.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the basic materials company’s stock. Jefferies Financial Group’s target price suggests a potential upside of 18.97% from the company’s current price.

AGI has been the topic of several other research reports. Bank of America upgraded Alamos Gold from a “neutral” rating to a “buy” rating and upped their price target for the stock from $21.75 to $27.25 in a research note on Tuesday, April 9th. StockNews.com upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research note on Sunday, April 14th. Royal Bank of Canada upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $12.00 to $16.00 in a research note on Thursday, January 11th. Finally, National Bank Financial restated an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.15.

Alamos Gold Price Performance

AGI opened at $15.13 on Monday. The business has a 50 day simple moving average of $13.58 and a two-hundred day simple moving average of $13.20. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 3.89 and a beta of 1.15. Alamos Gold has a one year low of $10.78 and a one year high of $16.01.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Thursday, February 22nd. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. The firm had revenue of $254.60 million during the quarter, compared to analyst estimates of $257.47 million. During the same quarter in the prior year, the company earned $0.09 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. As a group, sell-side analysts expect that Alamos Gold will post 0.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Alamos Gold

Several hedge funds and other institutional investors have recently modified their holdings of AGI. Anchor Investment Management LLC bought a new position in shares of Alamos Gold during the 4th quarter valued at $27,000. AJOVista LLC bought a new position in shares of Alamos Gold during the 4th quarter valued at $83,000. Fifth Third Bancorp bought a new position in shares of Alamos Gold during the 4th quarter valued at $96,000. Venturi Wealth Management LLC lifted its holdings in shares of Alamos Gold by 20.7% during the 1st quarter. Venturi Wealth Management LLC now owns 7,000 shares of the basic materials company’s stock valued at $103,000 after buying an additional 1,200 shares during the period. Finally, St. Johns Investment Management Company LLC bought a new position in shares of Alamos Gold during the 1st quarter valued at $115,000. 64.33% of the stock is owned by institutional investors.

Alamos Gold Company Profile

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.