Alamos Gold Inc. (AGI) Trading Down 6.7%
Alamos Gold Inc. (NYSE:AGI) dropped 6.7% during mid-day trading on Wednesday . The company traded as low as $7.62 and last traded at $7.66, with a volume of 1,024,237 shares trading hands. The stock had previously closed at $8.21.
AGI has been the topic of a number of recent research reports. Zacks Investment Research raised Alamos Gold from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Tuesday, August 2nd. Bank of America Corp. reissued a “buy” rating on shares of Alamos Gold in a research report on Tuesday, July 12th. Desjardins raised Alamos Gold from a “hold” rating to a “buy” rating in a research report on Thursday, August 11th. Canaccord Genuity lowered Alamos Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of Alamos Gold in a research report on Saturday, May 14th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $9.03.
The firm’s market capitalization is $2.05 billion. The company has a 50-day moving average of $9.07 and a 200 day moving average of $6.92.
Alamos Gold (NYSE:AGI) last announced its earnings results on Wednesday, August 10th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $120.10 million for the quarter, compared to the consensus estimate of $129.13 million. During the same quarter in the previous year, the company earned ($0.11) EPS. The firm’s revenue for the quarter was up 68.7% on a year-over-year basis. Analysts anticipate that Alamos Gold Inc. will post $0.04 earnings per share for the current fiscal year.
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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