Alamos Gold Inc. (NYSE:AGI) dropped 3.9% during mid-day trading on Tuesday . The company traded as low as $7.38 and last traded at $7.39, with a volume of 706,459 shares. The stock had previously closed at $7.69.

AGI has been the subject of a number of research reports. Canaccord Genuity lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. National Bank Financial reaffirmed a “sector perform” rating and set a $9.50 target price (up previously from $9.00) on shares of Alamos Gold in a report on Saturday, May 14th. TD Securities reaffirmed a “hold” rating and set a $8.50 target price (up previously from $8.00) on shares of Alamos Gold in a report on Saturday, May 14th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Alamos Gold in a report on Saturday, May 14th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $9.00 target price (up previously from $8.50) on shares of Alamos Gold in a report on Thursday, May 19th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.03.

The company’s market cap is $4.85 billion. The company’s 50-day moving average price is $8.94 and its 200-day moving average price is $7.02.

Alamos Gold (NYSE:AGI) last released its earnings results on Wednesday, August 10th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The business earned $120.10 million during the quarter, compared to analyst estimates of $129.13 million. During the same period last year, the business posted ($0.11) EPS. Alamos Gold’s revenue was up 68.7% compared to the same quarter last year. Equities analysts forecast that Alamos Gold Inc. will post $0.05 EPS 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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