Alamos Gold (NYSE:AGI) Lowered to Strong Sell at ValuEngine

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ValuEngine downgraded shares of Alamos Gold (NYSE:AGI) (TSE:AGI) from a sell rating to a strong sell rating in a research report sent to investors on Monday morning, ValuEngine reports.

A number of other brokerages have also issued reports on AGI. TheStreet raised Alamos Gold from a d+ rating to a c- rating in a research report on Thursday, July 18th. Raymond James reissued a hold rating and issued a $10.50 target price on shares of Alamos Gold in a research report on Thursday, October 17th. Finally, Zacks Investment Research raised Alamos Gold from a hold rating to a buy rating and set a $6.75 target price on the stock in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Alamos Gold has a consensus rating of Hold and a consensus target price of $8.21.

Shares of NYSE AGI traded down $0.03 during mid-day trading on Monday, reaching $4.98. 125,573 shares of the company’s stock were exchanged, compared to its average volume of 2,645,644. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 98.70 and a beta of 0.19. The business has a fifty day simple moving average of $6.11 and a 200 day simple moving average of $5.82. Alamos Gold has a twelve month low of $2.90 and a twelve month high of $7.78.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. The company had revenue of $168.10 million for the quarter, compared to analyst estimates of $167.01 million. Alamos Gold had a positive return on equity of 1.16% and a negative net margin of 3.77%. Alamos Gold’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.01 earnings per share. As a group, research analysts predict that Alamos Gold will post 0.22 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.01 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.04 annualized dividend and a yield of 0.80%. Alamos Gold’s dividend payout ratio (DPR) is presently 80.00%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGI. Clearbridge Investments LLC acquired a new position in Alamos Gold in the 1st quarter valued at $1,229,000. FMR LLC raised its holdings in Alamos Gold by 2.1% in the 1st quarter. FMR LLC now owns 5,226,012 shares of the basic materials company’s stock valued at $26,515,000 after acquiring an additional 106,099 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in Alamos Gold by 16.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 950,234 shares of the basic materials company’s stock valued at $4,827,000 after acquiring an additional 134,396 shares in the last quarter. Exane Derivatives acquired a new position in Alamos Gold in the 2nd quarter valued at $586,000. Finally, Falcon Point Capital LLC acquired a new position in Alamos Gold in the 2nd quarter valued at $159,000. Institutional investors and hedge funds own 55.07% of the company’s stock.

Alamos Gold Company Profile

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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Analyst Recommendations for Alamos Gold (NYSE:AGI)

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