Alamos Gold Inc. (AGI) Shares Up 2.7%
Alamos Gold Inc. (NYSE:AGI) shares shot up 2.7% during mid-day trading on Thursday . The company traded as high as $7.92 and last traded at $7.73, with a volume of 936,155 shares changing hands. The stock had previously closed at $7.53.
A number of research firms have recently issued reports on AGI. Credit Suisse Group AG reiterated a “hold” rating on shares of Alamos Gold in a research note on Saturday, May 14th. Canaccord Genuity cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. National Bank Financial reiterated a “sector perform” rating and issued a $9.50 target price (up previously from $9.00) on shares of Alamos Gold in a research note on Saturday, May 14th. Raymond James Financial Inc. upgraded shares of Alamos Gold from a “market perform” rating to an “outperform” rating in a research note on Monday, June 27th. Finally, Desjardins cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $9.03.
The company has a 50 day moving average price of $9.14 and a 200-day moving average price of $6.92. The firm’s market capitalization is $2.05 billion.
Alamos Gold (NYSE:AGI) last announced its earnings results on Wednesday, August 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.01). During the same quarter in the previous year, the company earned ($0.11) EPS. The business had revenue of $120.10 million for the quarter, compared to analyst estimates of $129.13 million. The business’s revenue for the quarter was up 68.7% on a year-over-year basis. On average, equities research analysts forecast that Alamos Gold Inc. will post $0.04 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Alamos Gold stock. I.G. Investment Management LTD. boosted its stake in Alamos Gold Inc. (NYSE:AGI) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent 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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