Alamos Gold (NYSE:AGI) Rating Increased to Strong-Buy at StockNews.com

Alamos Gold (NYSE:AGI) (TSE:AGI) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday.

AGI has been the subject of a number of other reports. Scotiabank raised their target price on Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. National Bank Financial cut shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. Royal Bank of Canada boosted their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, Jefferies Financial Group increased their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.06.

Alamos Gold Trading Up 0.1 %

Shares of NYSE AGI opened at $19.66 on Monday. The stock has a market cap of $7.85 billion, a PE ratio of 37.81, a P/E/G ratio of 0.86 and a beta of 1.18. Alamos Gold has a 12-month low of $11.24 and a 12-month high of $21.42. The company has a 50-day moving average of $19.39 and a 200 day moving average of $17.21.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. The business had revenue of $332.60 million during the quarter, compared to analyst estimates of $282.78 million. During the same period in the prior year, the business earned $0.15 earnings per share. The business’s revenue was up 27.4% compared to the same quarter last year. On average, sell-side analysts forecast that Alamos Gold will post 0.75 EPS for the current fiscal year.

Institutional Trading of Alamos Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Foundation Resource Management Inc. boosted its position in shares of Alamos Gold by 3.0% during the third quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company’s stock worth $826,000 after buying an additional 1,190 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Alamos Gold by 3.4% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 38,816 shares of the basic materials company’s stock valued at $609,000 after acquiring an additional 1,282 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Alamos Gold by 2.6% during the second quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company’s stock worth $1,042,000 after purchasing an additional 1,654 shares during the period. Easterly Investment Partners LLC lifted its position in shares of Alamos Gold by 0.6% during the second quarter. Easterly Investment Partners LLC now owns 277,910 shares of the basic materials company’s stock worth $4,358,000 after purchasing an additional 1,673 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Alamos Gold by 18.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,785 shares of the basic materials company’s stock worth $216,000 after purchasing an additional 2,141 shares in 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.