Alamos Gold Inc (US) (AGI) Stock Rating Lowered by Zacks Investment Research
Zacks Investment Research cut shares of Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) from a buy rating to a hold rating in a report published on Friday morning.
According to Zacks, “Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson mine in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico. “
A number of other research analysts have also issued reports on AGI. BMO Capital Markets reissued a buy rating and set a $11.50 target price (down from $14.00) on shares of Alamos Gold Inc (US) in a research note on Friday, November 24th. Royal Bank of Canada set a $9.00 target price on shares of Alamos Gold Inc (US) and gave the company a hold rating in a research note on Tuesday, October 10th. ValuEngine raised shares of Alamos Gold Inc (US) from a sell rating to a hold rating in a research note on Wednesday, January 3rd. Desjardins reissued a hold rating on shares of Alamos Gold Inc (US) in a research note on Monday, December 11th. Finally, Scotiabank reduced their target price on shares of Alamos Gold Inc (US) from $11.00 to $9.00 and set a sector perform rating for the company in a research note on Monday, December 18th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $9.55.
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 EPS for the quarter, beating the Thomson Reuters’ 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%. research analysts predict that Alamos Gold Inc will post 0.16 EPS for the current year.
Several large investors have recently modified their holdings of AGI. SG Americas Securities LLC acquired a new stake in shares of Alamos Gold Inc (US) in the 2nd quarter worth approximately $106,000. Empirical Finance LLC acquired a new stake in shares of Alamos Gold Inc (US) in the 3rd quarter worth approximately $138,000. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Alamos Gold Inc (US) by 3.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 20,070 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 717 shares during the period. Oxbow Advisors LLC lifted its stake in shares of Alamos Gold Inc (US) by 80.2% in the 3rd quarter. Oxbow Advisors LLC now owns 26,072 shares of the basic materials company’s stock worth $176,000 after acquiring an additional 11,605 shares during the period. Finally, Fore Research & Management LP acquired a new stake in shares of Alamos Gold Inc (US) in the 2nd quarter worth approximately $215,000. 63.00% of the stock is owned by institutional investors.
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Alamos Gold Inc (US) Company Profile
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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