Alamos Gold (NYSE:AGI) Rating Lowered to Hold at StockNews.com

Alamos Gold (NYSE:AGI) (TSE:AGI) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other equities research analysts have also issued reports on AGI. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a research note on Wednesday, January 3rd. Royal Bank of Canada raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $12.00 to $16.00 in a research note on Thursday, January 11th. Finally, Jefferies Financial Group initiated coverage on shares of Alamos Gold in a research report on Thursday, February 29th. They set a “buy” rating and a $14.00 target price for the company. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.38.

Alamos Gold Stock Up 1.4 %

Shares of Alamos Gold stock traded up $0.20 on Thursday, hitting $14.75. 2,707,420 shares of the company traded hands, compared to its average volume of 2,483,174. The company has a 50-day moving average price of $12.60 and a 200 day moving average price of $12.79. Alamos Gold has a 12-month low of $10.78 and a 12-month high of $14.95. The company has a market cap of $5.85 billion, a PE ratio of 27.83, a PEG ratio of 1.35 and a beta of 1.12.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. Alamos Gold had a net margin of 20.52% and a return on equity of 7.30%. The business had revenue of $254.60 million for the quarter, compared to analysts’ expectations of $257.47 million. During the same period in the previous year, the company posted $0.09 EPS. Alamos Gold’s revenue was up 9.8% on a year-over-year basis. Equities research analysts anticipate that Alamos Gold will post 0.6 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AGI. Anchor Investment Management LLC acquired a new position in shares of Alamos Gold during the fourth quarter valued at about $27,000. Tower Research Capital LLC TRC raised its position in shares of Alamos Gold by 230.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,948 shares of the basic materials company’s stock valued at $47,000 after buying an additional 2,752 shares during the last quarter. US Bancorp DE increased its stake in Alamos Gold by 106.7% in the fourth quarter. US Bancorp DE now owns 4,968 shares of the basic materials company’s stock valued at $67,000 after acquiring an additional 2,565 shares during the period. Engineers Gate Manager LP bought a new stake in Alamos Gold in the third quarter valued at about $81,000. Finally, AJOVista LLC bought a new stake in Alamos Gold in the fourth quarter valued at about $83,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.