Alamos Gold Inc (US) (AGI) Upgraded at ValuEngine

Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Wednesday, January 3rd.

A number of other research analysts also recently commented on the stock. Scotiabank lowered their price target on shares of Alamos Gold Inc (US) from $11.00 to $9.00 and set a “sector perform” rating for the company in a report on Monday, December 18th. BMO Capital Markets reaffirmed a “buy” rating and issued a $11.50 price target (down previously from $14.00) on shares of Alamos Gold Inc (US) in a report on Friday, November 24th. Zacks Investment Research downgraded shares of Alamos Gold Inc (US) from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Desjardins reaffirmed a “hold” rating on shares of Alamos Gold Inc (US) in a report on Monday, December 11th. Finally, Royal Bank of Canada set a $9.00 price target on shares of Alamos Gold Inc (US) and gave the company a “hold” rating in a report on Tuesday, October 10th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Alamos Gold Inc (US) currently has an average rating of “Hold” and a consensus price target of $9.70.

Alamos Gold Inc (AGI) opened at $6.12 on Wednesday. Alamos Gold Inc has a 1-year low of $5.84 and a 1-year high of $9.00. The company has a market cap of $2,291.56, a PE ratio of 306.00 and a beta of 0.46.

Institutional investors have recently bought and sold shares of the stock. Schroder Investment Management Group raised its position in Alamos Gold Inc (US) by 16.4% in the 3rd quarter. Schroder Investment Management Group now owns 141,361 shares of the basic materials company’s stock worth $1,027,000 after purchasing an additional 19,910 shares during the period. CIBC World Markets Inc. raised its position in Alamos Gold Inc (US) by 12.2% in the 2nd quarter. CIBC World Markets Inc. now owns 190,630 shares of the basic materials company’s stock worth $1,369,000 after purchasing an additional 20,655 shares during the period. Harvest Management LLC purchased a new stake in Alamos Gold Inc (US) in the 3rd quarter worth about $270,000. Ninepoint Partners LP purchased a new stake in Alamos Gold Inc (US) in the 3rd quarter worth about $3,876,000. Finally, Bank of Nova Scotia raised its position in Alamos Gold Inc (US) by 105.1% in the 2nd quarter. Bank of Nova Scotia now owns 83,073 shares of the basic materials company’s stock worth $589,000 after purchasing an additional 42,573 shares during the period. 63.00% of the stock is currently owned by institutional investors.

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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.

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Analyst Recommendations for Alamos Gold Inc (US) (NYSE:AGI)

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