Alamos Gold Inc. (AGI) Sees Unusually-High Trading Volume
Alamos Gold Inc. (NYSE:AGI) saw strong trading volume on Friday . 3,249,290 shares changed hands during mid-day trading, an increase of 117% from the previous session’s volume of 1,500,688 shares.The stock last traded at $8.63 and had previously closed at $9.09.
Several research analysts have issued reports on the stock. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Alamos Gold in a report on Saturday, May 14th. Zacks Investment Research cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Monday, August 15th. Canaccord Genuity reissued a “hold” rating and set a $12.50 price objective (down from $14.00) on shares of Alamos Gold in a report on Saturday, August 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 raised shares of Alamos Gold from a “sector perform overweight” rating to an “outperform overweight” rating in a report on Wednesday, August 10th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $9.03.
The firm has a 50-day moving average price of $9.24 and a 200-day moving average price of $6.80. The stock’s market capitalization is $2.30 billion.
Alamos Gold (NYSE:AGI) last released its quarterly earnings results on Wednesday, August 10th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). During the same quarter in the prior year, the business posted ($0.11) earnings per share. The firm earned $120.10 million during the quarter, compared to the consensus estimate of $129.13 million. The firm’s quarterly revenue was up 68.7% on a year-over-year basis. Equities research analysts anticipate that Alamos Gold Inc. will post $0.04 EPS for the current year.
A hedge fund recently raised its stake 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 filing with the SEC. The institutional investor 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 1.78% of Alamos Gold worth $14,988,000 as of its most recent filing with the SEC.
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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