Royal Bank of Canada Boosts Alamos Gold (NYSE:AGI) Price Target to $18.00

Alamos Gold (NYSE:AGI) (TSE:AGI) had its target price boosted by analysts at Royal Bank of Canada from $16.00 to $18.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. Royal Bank of Canada’s target price indicates a potential upside of 20.32% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group increased their price objective on Alamos Gold from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday. Bank of America upgraded Alamos Gold from a “neutral” rating to a “buy” rating and increased their target price for the company from $21.75 to $27.25 in a research report on Tuesday, April 9th. National Bank Financial reiterated an “outperform overweight” rating on shares of Alamos Gold in a research report on Monday, April 8th. Finally, StockNews.com upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research report on Sunday, April 14th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.15.

Alamos Gold Trading Up 1.4 %

Shares of Alamos Gold stock traded up $0.20 during trading on Tuesday, reaching $14.96. The company’s stock had a trading volume of 1,351,111 shares, compared to its average volume of 2,564,410. The stock has a market capitalization of $5.95 billion, a P/E ratio of 28.32, a price-to-earnings-growth ratio of 3.89 and a beta of 1.15. Alamos Gold has a one year low of $10.78 and a one year high of $16.01. The stock has a 50-day moving average price of $13.51 and a two-hundred day moving average price of $13.17.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. The business had revenue of $254.60 million during the quarter, compared to analyst estimates of $257.47 million. During the same period in the previous year, the firm earned $0.09 EPS. Alamos Gold’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alamos Gold will post 0.64 EPS for the current fiscal year.

Institutional Trading of Alamos Gold

Institutional investors and hedge funds have recently modified their holdings of the business. Anchor Investment Management LLC bought a new position in shares of Alamos Gold during the 4th quarter valued at about $27,000. AJOVista LLC bought a new position in Alamos Gold during the 4th quarter worth approximately $83,000. Fifth Third Bancorp bought a new position in Alamos Gold during the 4th quarter worth approximately $96,000. St. Johns Investment Management Company LLC bought a new position in Alamos Gold during the 1st quarter worth approximately $115,000. Finally, Vanguard Personalized Indexing Management LLC grew its position in Alamos Gold by 14.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,367 shares of the basic materials company’s stock worth $140,000 after acquiring an additional 1,596 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.