Royal Bank of Canada set a $9.00 price objective on Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) in a research report released on Monday. The firm currently has a hold rating on the basic materials company’s stock.

Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded Alamos Gold Inc (US) from a hold rating to a buy rating and set a $7.00 price objective for the company in a research report on Tuesday, December 5th. BMO Capital Markets reiterated a buy rating and issued a $11.50 price objective (down from $14.00) on shares of Alamos Gold Inc (US) in a research report on Friday, November 24th. Desjardins reiterated a hold rating on shares of Alamos Gold Inc (US) in a research report on Monday, December 11th. ValuEngine upgraded Alamos Gold Inc (US) from a sell rating to a hold rating in a research report on Wednesday, January 3rd. Finally, Scotiabank decreased their price objective on Alamos Gold Inc (US) from $11.00 to $9.00 and set a sector perform rating for the company in a research report on Monday, December 18th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Alamos Gold Inc (US) currently has an average rating of Hold and an average price target of $9.55.

Shares of Alamos Gold Inc (NYSE:AGI) traded up $0.07 on Monday, hitting $6.19. The company had a trading volume of 2,544,631 shares, compared to its average volume of 2,763,811. Alamos Gold Inc has a 1-year low of $5.84 and a 1-year high of $9.00. The firm has a market cap of $2,380.00 and a price-to-earnings ratio of 309.50.

Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Alamos Gold Inc (US) had a return on equity of 1.07% and a net margin of 2.08%. analysts anticipate that Alamos Gold Inc will post 0.15 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in Alamos Gold Inc (US) in the 2nd quarter valued at approximately $106,000. Empirical Finance LLC bought a new stake in Alamos Gold Inc (US) in the 3rd quarter valued at approximately $138,000. Raymond James Financial Services Advisors Inc. lifted its stake in Alamos Gold Inc (US) by 3.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 20,070 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 717 shares in the last quarter. Oxbow Advisors LLC lifted its stake in Alamos Gold Inc (US) by 80.2% in the 3rd quarter. Oxbow Advisors LLC now owns 26,072 shares of the basic materials company’s stock valued at $176,000 after acquiring an additional 11,605 shares in the last quarter. Finally, Fore Research & Management LP bought a new stake in Alamos Gold Inc (US) in the 2nd quarter valued at approximately $215,000. Hedge funds and other institutional investors own 63.00% 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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