Stifel Nicolaus Increases Alamos Gold (NYSE:AGI) Price Target to C$18.25

Alamos Gold (NYSE:AGIGet Rating) (TSE:AGI) had its price objective upped by analysts at Stifel Nicolaus from C$17.50 to C$18.25 in a research report issued on Friday, The Fly reports.

Other equities research analysts have also issued reports about the stock. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Friday, April 29th. Canaccord Genuity Group raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Thursday, April 28th. StockNews.com assumed coverage on shares of Alamos Gold in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Friday, May 13th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $12.22.

AGI traded down $0.06 during trading on Friday, reaching $7.51. 65,013 shares of the company’s stock were exchanged, compared to its average volume of 3,980,519. Alamos Gold has a one year low of $6.51 and a one year high of $9.38. The stock has a market capitalization of $2.94 billion, a PE ratio of -23.41, a price-to-earnings-growth ratio of 2.32 and a beta of 1.06. The firm has a fifty day moving average price of $8.05 and a two-hundred day moving average price of $7.70.

Alamos Gold (NYSE:AGIGet Rating) (TSE:AGI) last posted its earnings results on Wednesday, February 23rd. The basic materials company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. Alamos Gold had a negative net margin of 16.19% and a positive return on equity of 4.85%. The firm had revenue of $203.10 million for the quarter, compared to analyst estimates of $202.05 million. As a group, equities research analysts anticipate that Alamos Gold will post 0.34 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Advisor Group Holdings Inc. raised its holdings in shares of Alamos Gold by 5.1% in the first quarter. Advisor Group Holdings Inc. now owns 29,621 shares of the basic materials company’s stock valued at $239,000 after purchasing an additional 1,432 shares during the last quarter. Moors & Cabot Inc. raised its holdings in shares of Alamos Gold by 1.4% in the first quarter. Moors & Cabot Inc. now owns 106,589 shares of the basic materials company’s stock valued at $897,000 after purchasing an additional 1,500 shares during the last quarter. Clean Yield Group raised its holdings in shares of Alamos Gold by 3.3% in the fourth quarter. Clean Yield Group now owns 54,000 shares of the basic materials company’s stock valued at $415,000 after purchasing an additional 1,700 shares during the last quarter. FDx Advisors Inc. raised its holdings in shares of Alamos Gold by 8.6% in the fourth quarter. FDx Advisors Inc. now owns 22,848 shares of the basic materials company’s stock valued at $176,000 after purchasing an additional 1,803 shares during the last quarter. Finally, National Asset Management Inc. raised its holdings in shares of Alamos Gold by 1.7% in the fourth quarter. National Asset Management Inc. now owns 115,778 shares of the basic materials company’s stock valued at $891,000 after purchasing an additional 1,935 shares during the last quarter. Institutional investors own 62.33% of the company’s stock.

About Alamos Gold (Get Rating)

Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of precious metals in Canada, Mexico, the United States, and Turkey. It primary explores for gold and silver. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 5,587 hectares located in Matachewan in the Northern Ontario, Canada.

Featured Stories

The Fly logo

Analyst Recommendations for Alamos Gold (NYSE:AGI)

Receive News & Ratings for Alamos Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamos Gold and related companies with MarketBeat.com's FREE daily email newsletter.