Alamos Gold Inc. (AGI) Trading Down 3.9%
Shares of Alamos Gold Inc. (NYSE:AGI) fell 3.9% on Tuesday . The stock traded as low as $7.38 and last traded at $7.39, with a volume of 706,459 shares changing hands. The stock had previously closed at $7.69.
A number of research firms have commented on AGI. Credit Suisse Group AG restated a “hold” rating on shares of Alamos Gold in a research report on Saturday, May 14th. Canaccord Genuity restated a “hold” rating and set a $12.50 price target (down from $14.00) on shares of Alamos Gold in a research report on Saturday, August 13th. Zacks Investment Research downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Monday, August 15th. Bank of America Corp. restated a “buy” rating on shares of Alamos Gold in a research report on Tuesday, July 12th. Finally, National Bank Financial upgraded shares of Alamos Gold from a “sector perform overweight” rating to an “outperform overweight” rating in a research report on Wednesday, August 10th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $9.03.
The stock’s market cap is $4.65 billion. The firm has a 50-day moving average of $8.78 and a 200-day moving average of $7.04.
Alamos Gold (NYSE:AGI) last posted its earnings results 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 earned $120.10 million during the quarter, compared to the consensus estimate of $129.13 million. During the same period in the previous year, the company posted ($0.11) EPS. The firm’s revenue for the quarter was up 68.7% compared to the same quarter last year. On average, analysts predict that Alamos Gold Inc. will post $0.05 EPS for the current 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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