Alamos Gold Inc. (AGI) Trading Up 3.5%
Alamos Gold Inc. (NYSE:AGI)’s share price traded up 3.5% on Thursday . The company traded as high as $9.05 and last traded at $8.99, with a volume of 1,470,507 shares. The stock had previously closed at $8.69.
A number of equities analysts recently weighed in on the stock. Bank of America Corp. reaffirmed a “buy” rating on shares of Alamos Gold in a research report on Tuesday, July 12th. National Bank Financial cut shares of Alamos Gold from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $12.00 to $13.00 in a research report on Wednesday, July 13th. Desjardins cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Zacks Investment Research raised shares of Alamos Gold from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Tuesday, August 2nd. Finally, TheStreet raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Alamos Gold presently has an average rating of “Hold” and an average price target of $8.08.
The firm’s 50 day moving average price is $9.14 and its 200 day moving average price is $6.57. The stock’s market cap is $2.38 billion.
Alamos Gold (NYSE:AGI) last posted its quarterly earnings data on Wednesday, August 10th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm earned $120.10 million during the quarter, compared to analyst estimates of $129.13 million. During the same period in the prior year, the firm earned ($0.11) EPS. The business’s quarterly revenue was up 68.7% on a year-over-year basis. Equities research analysts anticipate that Alamos Gold Inc. will post $0.01 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Alamos Gold stock. I.G. Investment Management LTD. boosted its position in shares of Alamos Gold Inc. (NYSE:AGI) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,555,741 shares of the company’s stock after buying an additional 30,651 shares during the period. I.G. Investment Management LTD. owned about 1.78% of Alamos Gold worth $14,988,000 at the end of the most recent reporting period.
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.