Alamos Gold (NYSE:AGI) (TSE:AGI) had its price target reduced by Scotiabank from $11.00 to $9.00 in a research note released on Monday. They currently have a sector perform rating on the basic materials company’s stock.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised Alamos Gold from a hold rating to a buy rating and set a $7.00 price objective for the company in a report on Tuesday, December 5th. BMO Capital Markets reissued a buy rating and issued a $11.50 price objective (down previously from $14.00) on shares of Alamos Gold in a report on Friday, November 24th. Desjardins reissued a hold rating on shares of Alamos Gold in a report on Monday, December 11th. ValuEngine raised Alamos Gold from a sell rating to a hold rating in a report on Thursday, August 24th. Finally, Royal Bank of Canada set a $9.00 price objective on Alamos Gold and gave the company a hold rating in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Alamos Gold presently has an average rating of Hold and a consensus price target of $9.70.

Shares of Alamos Gold (NYSE AGI) opened at $6.15 on Monday. The company has a market capitalization of $2,346.03, a PE ratio of 100.50 and a beta of 0.46. Alamos Gold has a 52-week low of $5.93 and a 52-week high of $9.00.

Institutional investors have recently made changes to their positions in the stock. CIBC World Markets Inc. increased its stake in shares of Alamos Gold by 12.2% in the 2nd quarter. CIBC World Markets Inc. now owns 190,630 shares of the basic materials company’s stock valued at $1,369,000 after purchasing an additional 20,655 shares in the last quarter. Harvest Management LLC purchased a new position in shares of Alamos Gold in the 3rd quarter valued at about $270,000. Dimensional Fund Advisors LP increased its stake in shares of Alamos Gold by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 507,684 shares of the basic materials company’s stock valued at $4,077,000 after purchasing an additional 2,198 shares in the last quarter. Ninepoint Partners LP purchased a new position in shares of Alamos Gold in the 3rd quarter valued at about $3,876,000. Finally, Bank of Nova Scotia increased its stake in shares of Alamos Gold by 105.1% in the 2nd quarter. Bank of Nova Scotia now owns 83,073 shares of the basic materials company’s stock valued at $589,000 after purchasing an additional 42,573 shares in the last quarter. Hedge funds and other institutional investors own 63.00% of the company’s stock.

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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.

Analyst Recommendations for Alamos Gold (NYSE:AGI)

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