Alamos Gold Inc (NYSE:AGI) (TSE:AGI) has received a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $6.77.
Several research firms recently weighed in on AGI. CIBC reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Alamos Gold in a report on Friday, June 21st. Canaccord Genuity raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Thursday, June 13th. Zacks Investment Research raised shares of Alamos Gold from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a report on Tuesday, July 9th. Finally, TheStreet raised shares of Alamos Gold from a “d+” rating to a “c-” rating in a report on Thursday, July 18th.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Two Sigma Advisers LP acquired a new stake in shares of Alamos Gold in the 4th quarter worth $357,000. Squarepoint Ops LLC bought a new position in shares of Alamos Gold in the fourth quarter worth $57,000. Legal & General Group Plc boosted its holdings in shares of Alamos Gold by 202.3% in the fourth quarter. Legal & General Group Plc now owns 239,554 shares of the basic materials company’s stock worth $861,000 after acquiring an additional 160,311 shares during the period. Norges Bank bought a new position in shares of Alamos Gold in the fourth quarter worth $6,526,000. Finally, Deutsche Bank AG boosted its holdings in shares of Alamos Gold by 211.8% in the fourth quarter. Deutsche Bank AG now owns 2,350,542 shares of the basic materials company’s stock worth $8,461,000 after acquiring an additional 1,596,613 shares during the period. 55.15% of the stock is owned by institutional investors.
Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. The business had revenue of $168.10 million during the quarter, compared to the consensus estimate of $167.01 million. Alamos Gold had a negative net margin of 3.77% and a positive return on equity of 1.16%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 earnings per share. On average, sell-side analysts expect that Alamos Gold will post 0.21 EPS for the current fiscal year.
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's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.
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