Alamos Gold Inc. (AGI) Stock Price Up 2.7%
Alamos Gold Inc. (NYSE:AGI) rose 2.7% on Thursday . The company traded as high as $7.92 and last traded at $7.73, with a volume of 936,155 shares traded. The stock had previously closed at $7.53.
AGI has been the topic of a number of research reports. Credit Suisse Group AG raised shares of Alamos Gold from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $7.50 to $11.00 in a report on Thursday, June 30th. Raymond James Financial Inc. upgraded shares of Alamos Gold from a “market perform” rating to an “outperform” rating in a research report on Monday, June 27th. TD Securities restated a “hold” rating and issued a $8.50 price target (up previously from $8.00) on shares of Alamos Gold in a research report on Saturday, May 14th. Zacks Investment Research upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Tuesday, August 2nd. Finally, National Bank Financial restated a “sector perform” rating and issued a $9.50 price target (up previously from $9.00) on shares of Alamos Gold in a research report on Saturday, May 14th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Alamos Gold presently has a consensus rating of “Hold” and a consensus target price of $9.03.
The firm’s market cap is $2.04 billion. The firm has a 50-day moving average of $9.02 and a 200-day moving average of $6.95.
Alamos Gold (NYSE:AGI) last issued its quarterly earnings results on Wednesday, August 10th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). During the same quarter in the previous year, the business earned ($0.11) earnings per share. The business had revenue of $120.10 million for the quarter, compared to the consensus estimate of $129.13 million. The firm’s revenue was up 68.7% on a year-over-year basis. Analysts forecast that Alamos Gold Inc. will post $0.04 EPS for the current 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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