Alamos Gold Inc. (AGI) Receives Consensus Rating of “Hold” from Analysts
Shares of Alamos Gold Inc. (NYSE:AGI) have earned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the firm. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $9.38.
AGI has been the subject of several recent analyst reports. Canaccord Genuity reaffirmed a “hold” rating and issued a $12.50 price target (down previously from $14.00) on shares of Alamos Gold in a research report on Saturday, August 13th. Raymond James Financial Inc. raised Alamos Gold from a “market perform” rating to an “outperform” rating in a research report on Monday, June 27th. Desjardins lowered Alamos Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Bank of America Corp. reissued a “buy” rating on shares of Alamos Gold in a research report on Tuesday, July 12th. Finally, National Bank Financial lowered Alamos Gold from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $12.00 to $13.00 in a research report on Wednesday, July 13th.
A number of hedge funds and other institutional investors have recently bought and sold shares of AGI. CIBC World Markets Inc. increased its position in Alamos Gold by 1.3% in the first quarter. CIBC World Markets Inc. now owns 105,678 shares of the company’s stock valued at $559,000 after buying an additional 1,385 shares during the last quarter. Franklin Resources Inc. increased its position in Alamos Gold by 8.4% in the first quarter. Franklin Resources Inc. now owns 5,378,405 shares of the company’s stock valued at $28,507,000 after buying an additional 418,900 shares during the last quarter. BlackRock Fund Advisors increased its position in Alamos Gold by 226.7% in the first quarter. BlackRock Fund Advisors now owns 51,860 shares of the company’s stock valued at $274,000 after buying an additional 35,984 shares during the last quarter. Royce & Associates LP increased its position in Alamos Gold by 14.3% in the first quarter. Royce & Associates LP now owns 1,455,144 shares of the company’s stock valued at $7,708,000 after buying an additional 181,600 shares during the last quarter. Finally, Investec Asset Management LTD acquired a new position in Alamos Gold during the first quarter valued at $9,608,000. Institutional investors and hedge funds own 60.54% of the company’s stock.
Shares of Alamos Gold (NYSE:AGI) traded down 2.83% during trading on Tuesday, reaching $7.21. 938,084 shares of the company’s stock were exchanged. The firm’s market cap is $1.93 billion. The stock has a 50-day moving average price of $7.95 and a 200 day moving average price of $7.68. Alamos Gold has a 12 month low of $2.27 and a 12 month high of $10.41.
Alamos Gold (NYSE:AGI) last posted its quarterly earnings results on Wednesday, August 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The firm earned $120.10 million during the quarter, compared to analyst estimates of $129.13 million. Alamos Gold had a negative return on equity of 3.73% and a negative net margin of 21.64%. Alamos Gold’s quarterly revenue was up 68.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.11) EPS. On average, analysts forecast that Alamos Gold will post $0.01 EPS for the current year.
The firm also recently declared a semiannual dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 14th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, October 12th. This represents a yield of 0.24%. Alamos Gold’s payout ratio is -5.41%.
About Alamos Gold
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.
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