Alamos Gold Inc. (AGI) Trading 3.3% Higher
Shares of Alamos Gold Inc. (NYSE:AGI) traded up 3.3% during trading on Wednesday . The company traded as high as $8.20 and last traded at $8.12, with a volume of 951,768 shares. The stock had previously closed at $7.86.
A number of analysts have recently commented on the stock. Raymond James Financial Inc. upgraded shares of Alamos Gold from a “market perform” rating to an “outperform” rating in a research note on Monday, June 27th. National Bank Financial downgraded shares of Alamos Gold from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from $12.00 to $13.00 in a report on Wednesday, July 13th. Desjardins downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. TD Securities reissued a “hold” rating and issued a $11.50 price objective (up previously from $10.00) on shares of Alamos Gold in a report on Saturday, August 13th. Finally, Zacks Investment Research downgraded shares of Alamos Gold from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $9.03.
The company’s market cap is $2.30 billion. The company has a 50-day moving average of $8.40 and a 200-day moving average of $7.41.
Alamos Gold (NYSE:AGI) last posted its quarterly earnings data on Wednesday, August 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). Alamos Gold had a negative net margin of 21.64% and a negative return on equity of 3.73%. The firm had revenue of $120.10 million for the quarter, compared to the consensus estimate of $129.13 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. The company’s revenue for the quarter was up 68.7% compared to the same quarter last year. On average, analysts expect that Alamos Gold Inc. will post $0.04 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the stock. Aristotle Capital Boston LLC increased its position in Alamos Gold by 2.5% in the second quarter. Aristotle Capital Boston LLC now owns 290,632 shares of the company’s stock valued at $2,499,000 after buying an additional 6,956 shares during the period. Tobam acquired a new position in shares of Alamos Gold during the second quarter valued at $1,365,000. Stifel Financial Corp acquired a new position in shares of Alamos Gold during the second quarter valued at $293,000. Fiera Capital Corp increased its position in shares of Alamos Gold by 6.4% in the second quarter. Fiera Capital Corp now owns 2,668,571 shares of the company’s stock valued at $22,843,000 after buying an additional 160,452 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Alamos Gold by 164.0% in the second quarter. Jane Street Group LLC now owns 139,149 shares of the company’s stock valued at $1,197,000 after buying an additional 86,432 shares during the period. Hedge funds and other institutional investors own 60.54% of the company’s stock.
Alamos Gold Company Profile
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.
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