Alamos Gold Inc. (AGI) Stock Price Up 3.8%
Alamos Gold Inc. (NYSE:AGI)’s share price rose 3.8% during mid-day trading on Thursday . The stock traded as high as $7.34 and last traded at $7.29, with a volume of 1,146,636 shares traded. The stock had previously closed at $7.02.
AGI has been the topic of several recent research reports. National Bank Financial reaffirmed a “sector perform” rating and issued a $9.50 price objective (up previously from $9.00) on shares of Alamos Gold in a research note on Saturday, May 14th. TD Securities reiterated a “hold” rating and issued a $8.50 target price (up from $8.00) on shares of Alamos Gold in a report on Saturday, May 14th. Credit Suisse Group AG reiterated a “hold” rating on shares of Alamos Gold in a report on Saturday, May 14th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $9.00 target price (up from $8.50) on shares of Alamos Gold in a report on Thursday, May 19th. Finally, Raymond James Financial Inc. upgraded shares of Alamos Gold from a “market perform” rating to an “outperform” rating in a report on Monday, June 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Alamos Gold presently has a consensus rating of “Hold” and an average price target of $9.03.
The firm’s market capitalization is $5.19 billion. The stock’s 50 day moving average price is $8.66 and its 200-day moving average price is $7.05.
Alamos Gold (NYSE:AGI) last announced its quarterly earnings data on Wednesday, August 10th. The company reported ($0.01) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). The firm had revenue of $120.10 million for the quarter, compared to the consensus estimate of $129.13 million. During the same period in the prior year, the firm posted ($0.11) earnings per share. The business’s revenue for the quarter was up 68.7% compared to the same quarter last year. On average, equities analysts predict 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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