Alamos Gold Inc. (AGI) Stock Price Up 3.8%
Alamos Gold Inc. (NYSE:AGI) rose 3.8% during trading on Thursday . The company traded as high as $7.34 and last traded at $7.29, with a volume of 1,146,636 shares. The stock had previously closed at $7.02.
AGI has been the topic of a number of recent analyst reports. Canaccord Genuity reiterated a “hold” rating and set a $12.50 target price (down from $14.00) on shares of Alamos Gold in a research note on Saturday, August 13th. Raymond James Financial Inc. raised Alamos Gold from a “market perform” rating to an “outperform” rating in a report on Monday, June 27th. Desjardins lowered Alamos Gold from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Bank of America Corp. reissued a “buy” rating on shares of Alamos Gold in a report on Tuesday, July 12th. Finally, National Bank Financial lowered Alamos Gold from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $12.00 to $13.00 in a report on Wednesday, July 13th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Alamos Gold has an average rating of “Hold” and an average target price of $9.03.
The company has a 50-day moving average of $8.78 and a 200 day moving average of $7.04. The firm’s market capitalization is $4.95 billion.
Alamos Gold (NYSE:AGI) last announced its quarterly earnings results on Wednesday, August 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 period in the previous year, the company earned ($0.11) earnings per share. The company’s revenue for the quarter was up 68.7% compared to the same quarter last year. On average, equities research 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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