Royal Bank of Canada set a $9.00 price target on Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) in a research note released on Monday morning. The firm currently has a hold rating on the basic materials company’s stock.

Several other analysts have also issued reports on AGI. BMO Capital Markets restated a buy rating and issued a $11.50 price target (down from $14.00) on shares of Alamos Gold Inc (US) in a research report on Friday, November 24th. Zacks Investment Research upgraded shares of Alamos Gold Inc (US) from a hold rating to a buy rating and set a $7.00 target price on the stock in a research report on Tuesday, December 5th. Desjardins reiterated a hold rating on shares of Alamos Gold Inc (US) in a research report on Monday, December 11th. Scotiabank decreased their target price on shares of Alamos Gold Inc (US) from $11.00 to $9.00 and set a sector perform rating on the stock in a research report on Monday, December 18th. Finally, ValuEngine upgraded shares of Alamos Gold Inc (US) from a sell rating to a hold rating in a research report on Wednesday, January 3rd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Alamos Gold Inc (US) has an average rating of Hold and an average price target of $9.55.

Alamos Gold Inc (NYSE AGI) traded down $0.14 during midday trading on Monday, reaching $6.05. 1,917,000 shares of the company’s stock traded hands, compared to its average volume of 2,612,650. The firm has a market cap of $2,408.28, a price-to-earnings ratio of 302.50 and a beta of 0.46. Alamos Gold Inc has a 52 week low of $5.84 and a 52 week high of $9.00.

Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. Alamos Gold Inc (US) had a net margin of 2.08% and a return on equity of 1.07%. equities research analysts forecast that Alamos Gold Inc will post 0.16 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its position in shares of Alamos Gold Inc (US) by 3.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 20,070 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 717 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Alamos Gold Inc (US) by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 509,984 shares of the basic materials company’s stock valued at $3,662,000 after acquiring an additional 2,300 shares in the last quarter. Swiss National Bank boosted its position in shares of Alamos Gold Inc (US) by 1.8% during the 3rd quarter. Swiss National Bank now owns 505,721 shares of the basic materials company’s stock valued at $3,418,000 after acquiring an additional 9,100 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Alamos Gold Inc (US) by 21.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 63,113 shares of the basic materials company’s stock valued at $308,000 after acquiring an additional 11,056 shares in the last quarter. Finally, Oxbow Advisors LLC boosted its position in shares of Alamos Gold Inc (US) by 80.2% during the 3rd quarter. Oxbow Advisors LLC now owns 26,072 shares of the basic materials company’s stock valued at $176,000 after acquiring an additional 11,605 shares in the last quarter. Institutional investors and hedge funds own 63.00% of the company’s stock.

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About Alamos Gold Inc (US)

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.

Analyst Recommendations for Alamos Gold Inc (US) (NYSE:AGI)

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