Alamos Gold Inc. (AGI) Stock Price Up 4%
Alamos Gold Inc. (NYSE:AGI) rose 4% on Thursday . The stock traded as high as $9.06 and last traded at $8.91, with a volume of 669,628 shares trading hands. The stock had previously closed at $8.57.
A number of research firms have issued reports on AGI. Credit Suisse Group AG raised shares of Alamos Gold from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $7.50 to $11.00 in a report on Thursday, June 30th. National Bank Financial reaffirmed an “outperform” rating and issued a $7.50 price target (up previously from $7.30) on shares of Alamos Gold in a report on Friday, April 1st. Raymond James Financial Inc. raised shares of Alamos Gold from a “market perform” rating to an “outperform” rating in a report on Monday, June 27th. TD Securities reaffirmed a “hold” rating and issued a $8.50 price target (up previously from $8.00) on shares of Alamos Gold in a report on Saturday, May 14th. Finally, Royal Bank Of Canada raised their price target on shares of Alamos Gold from $5.00 to $6.50 in a report on Tuesday, April 12th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $7.58.
The stock’s market capitalization is $2.36 billion. The firm’s 50-day moving average price is $8.40 and its 200-day moving average price is $5.90.
Alamos Gold (NYSE:AGI) last posted its quarterly earnings results on Thursday, May 12th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.07. The firm had revenue of $104.30 million for the quarter, compared to analyst estimates of $113.08 million. The company’s revenue was up 61.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 EPS. Equities analysts expect that Alamos Gold Inc. will post $0.02 EPS for the current fiscal year.
A number of hedge funds and institutional investors have recently bought and sold shares of the company. Royce & Associates LLC boosted its position in Alamos Gold by 77.2% in the fourth quarter. Royce & Associates LLC now owns 1,273,544 shares of the company’s stock valued at $4,188,000 after buying an additional 555,000 shares during the period. OppenheimerFunds Inc. boosted its position in shares of Alamos Gold by 5.5% in the fourth quarter. OppenheimerFunds Inc. now owns 1,715,427 shares of the company’s stock valued at $5,644,000 after buying an additional 90,000 shares during the last quarter. TD Asset Management Inc. bought a new position in shares of Alamos Gold during the fourth quarter valued at about $5,618,000. Columbia Wanger Asset Management LLC bought a new position in shares of Alamos Gold during the fourth quarter valued at about $7,238,000. Finally, Bank of Montreal Can boosted its position in shares of Alamos Gold by 81.0% in the fourth quarter. Bank of Montreal Can now owns 2,227,714 shares of the company’s stock valued at $7,330,000 after buying an additional 997,266 shares during the last quarter.
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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