Alamos Gold (AGI) Raised to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Alamos Gold (NYSE:AGI) (TSE:AGI) from a sell rating to a hold rating in a research report sent to investors on Friday morning.
According to Zacks, “Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson mine in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico. “
Several other brokerages also recently commented on AGI. TheStreet upgraded shares of Alamos Gold from a d+ rating to a c- rating in a report on Wednesday, June 6th. Desjardins upgraded shares of Alamos Gold from a hold rating to a buy rating in a report on Thursday, June 7th. ValuEngine upgraded shares of Alamos Gold from a strong sell rating to a sell rating in a report on Wednesday, August 8th. Finally, CSFB reiterated an outperform rating and issued a $7.50 target price on shares of Alamos Gold in a report on Friday, September 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Alamos Gold currently has an average rating of Hold and an average target price of $8.29.
Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, August 1st. The basic materials company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $169.00 million during the quarter, compared to the consensus estimate of $164.28 million. Alamos Gold had a return on equity of 1.70% and a net margin of 2.50%. The business’s revenue was up 29.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.01 EPS. analysts expect that Alamos Gold will post 0.11 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Clean Yield Group acquired a new stake in Alamos Gold in the 2nd quarter worth $102,000. Dynamic Technology Lab Private Ltd acquired a new stake in Alamos Gold in the 1st quarter worth $123,000. Barclays PLC grew its position in Alamos Gold by 127.3% in the 1st quarter. Barclays PLC now owns 27,727 shares of the basic materials company’s stock worth $145,000 after purchasing an additional 15,528 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in Alamos Gold in the 2nd quarter worth $228,000. Finally, Natixis acquired a new stake in Alamos Gold in the 1st quarter worth $255,000. Institutional investors own 58.92% of the company’s stock.
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 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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