Shares of Alamos Gold Inc (NYSE:AGI) (TSE:AGI) gapped up prior to trading on Tuesday . The stock had previously closed at $4.92, but opened at $4.75. Alamos Gold shares last traded at $4.65, with a volume of 62716 shares traded.

A number of analysts have recently commented on the company. National Bank Financial downgraded Alamos Gold from an “outperform” rating to a “sector perform” rating in a research note on Thursday, March 21st. Credit Suisse Group assumed coverage on Alamos Gold in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $7.00 price objective on the stock. TheStreet downgraded Alamos Gold from a “c-” rating to a “d+” rating in a research note on Monday, March 4th. Raymond James downgraded Alamos Gold from an “outperform” rating to a “market perform” rating and set a $4.84 price objective on the stock. in a research note on Thursday, February 21st. Finally, ValuEngine raised Alamos Gold from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $6.62.

The stock has a market capitalization of $1.86 billion, a PE ratio of 93.60 and a beta of 0.20.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, May 1st. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. The company had revenue of $156.00 million for the quarter, compared to analyst estimates of $163.19 million. Alamos Gold had a positive return on equity of 0.67% and a negative net margin of 8.88%. Alamos Gold’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 earnings per share. On average, sell-side analysts expect that Alamos Gold Inc will post 0.13 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Morgan Stanley raised its position in shares of Alamos Gold by 117.2% during the first quarter. Morgan Stanley now owns 4,290,001 shares of the basic materials company’s stock worth $21,794,000 after purchasing an additional 2,314,548 shares during the period. SEI Investments Co raised its position in shares of Alamos Gold by 19.6% during the first quarter. SEI Investments Co now owns 399,728 shares of the basic materials company’s stock worth $2,031,000 after purchasing an additional 65,560 shares during the period. Tobam acquired a new stake in shares of Alamos Gold during the first quarter worth $1,850,000. Renaissance Technologies LLC raised its position in shares of Alamos Gold by 19.5% during the first quarter. Renaissance Technologies LLC now owns 6,389,171 shares of the basic materials company’s stock worth $32,457,000 after purchasing an additional 1,043,740 shares during the period. Finally, Amundi Pioneer Asset Management Inc. raised its position in shares of Alamos Gold by 16.5% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 950,234 shares of the basic materials company’s stock worth $4,827,000 after purchasing an additional 134,396 shares during the period. 60.67% of the stock is currently owned by institutional investors.

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Alamos Gold Company Profile (NYSE:AGI)

Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.

Further Reading: Rule of 72

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