Alamos Gold (AGI) – Analysts’ Weekly Ratings Updates

Alamos Gold (NYSE: AGI) recently received a number of ratings updates from brokerages and research firms:

  • 9/10/2018 – Alamos Gold was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson mine in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico. “
  • 9/7/2018 – Alamos Gold had its “outperform” rating reaffirmed by analysts at CSFB. They now have a $7.50 price target on the stock.
  • 9/4/2018 – Alamos Gold was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 9/3/2018 – Alamos Gold was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson mine in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico. “
  • 8/28/2018 – Alamos Gold was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson mine in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico. “
  • 8/22/2018 – Alamos Gold was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson mine in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico. “
  • 8/8/2018 – Alamos Gold was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 8/7/2018 – Alamos Gold was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson mine in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico. “
  • 7/25/2018 – Alamos Gold was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson mine in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico. “

Shares of NYSE:AGI traded down $0.03 during mid-day trading on Monday, reaching $4.47. The stock had a trading volume of 191,745 shares, compared to its average volume of 1,366,594. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 37.25, a P/E/G ratio of 1.14 and a beta of 0.19. Alamos Gold Inc has a twelve month low of $4.06 and a twelve month high of $7.55.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $169.00 million during the quarter, compared to analyst estimates of $164.28 million. Alamos Gold had a net margin of 2.50% and a return on equity of 1.70%. The business’s revenue was up 29.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 earnings per share. equities analysts anticipate that Alamos Gold Inc will post 0.11 earnings per share for the current year.

Several large investors have recently made changes to their positions in the stock. Van ECK Associates Corp raised its position in shares of Alamos Gold by 2.9% in the 2nd quarter. Van ECK Associates Corp now owns 39,650,481 shares of the basic materials company’s stock valued at $225,622,000 after acquiring an additional 1,118,918 shares during the period. CIBC Asset Management Inc raised its holdings in Alamos Gold by 125.4% during the 2nd quarter. CIBC Asset Management Inc now owns 9,367,625 shares of the basic materials company’s stock worth $53,380,000 after buying an additional 5,211,004 shares during the period. Tocqueville Asset Management L.P. raised its holdings in Alamos Gold by 1.7% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 7,252,520 shares of the basic materials company’s stock worth $41,267,000 after buying an additional 120,000 shares during the period. Bank of New York Mellon Corp raised its holdings in Alamos Gold by 24.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,703,279 shares of the basic materials company’s stock worth $38,141,000 after buying an additional 1,324,377 shares during the period. Finally, Gabelli Funds LLC raised its holdings in Alamos Gold by 6.5% during the 1st quarter. Gabelli Funds LLC now owns 6,033,784 shares of the basic materials company’s stock worth $31,436,000 after buying an additional 369,000 shares during the period. Institutional investors and hedge funds own 59.81% of the company’s stock.

Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.

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