Alamos Gold Inc (US) (AGI) PT Lowered to $6.50

Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) had its price target reduced by Credit Suisse Group from $8.00 to $6.50 in a report published on Wednesday. They currently have an outperform rating on the basic materials company’s stock.

A number of other analysts also recently issued reports on AGI. BMO Capital Markets reiterated a buy rating and issued a $11.50 price target (down from $14.00) on shares of Alamos Gold Inc (US) in a report on Friday, November 24th. Zacks Investment Research upgraded shares of Alamos Gold Inc (US) from a hold rating to a buy rating and set a $7.00 price target on the stock in a report on Tuesday, December 5th. Desjardins reiterated a hold rating on shares of Alamos Gold Inc (US) in a report on Monday, December 11th. Scotiabank reduced their price target on shares of Alamos Gold Inc (US) from $11.00 to $9.00 and set a sector perform rating on the stock in a report on Monday, December 18th. Finally, ValuEngine upgraded shares of Alamos Gold Inc (US) from a sell rating to a hold rating in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $9.04.

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Shares of AGI stock opened at $5.40 on Wednesday. The stock has a market cap of $2,016.95, a price-to-earnings ratio of 60.00, a price-to-earnings-growth ratio of 0.81 and a beta of 0.49. Alamos Gold Inc has a fifty-two week low of $4.83 and a fifty-two week high of $8.58.

Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The company had revenue of $161.70 million during the quarter, compared to the consensus estimate of $159.65 million. Alamos Gold Inc (US) had a net margin of 4.90% and a return on equity of 1.70%. The business’s revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. equities analysts expect that Alamos Gold Inc will post 0.2 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. Fore Capital LLC bought a new stake in shares of Alamos Gold Inc (US) in the 4th quarter worth about $508,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its holdings in shares of Alamos Gold Inc (US) by 110.0% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 942,314 shares of the basic materials company’s stock worth $7,718,000 after buying an additional 493,614 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Alamos Gold Inc (US) by 430.5% in the 4th quarter. Millennium Management LLC now owns 1,870,965 shares of the basic materials company’s stock worth $12,180,000 after buying an additional 1,518,292 shares during the last quarter. Two Sigma Advisers LP bought a new stake in shares of Alamos Gold Inc (US) in the 4th quarter worth about $392,000. Finally, QS Investors LLC bought a new stake in shares of Alamos Gold Inc (US) in the 4th quarter worth about $3,239,000. Hedge funds and other institutional investors own 62.41% of the company’s stock.

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About Alamos Gold Inc (US)

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 Inc (US) (NYSE:AGI)

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