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

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

Several other research analysts also recently issued reports on AGI. Jefferies Financial Group upped their price target on shares of Alamos Gold from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Bank of America upgraded shares of Alamos Gold from a “neutral” rating to a “buy” rating and upped their price objective for the company from $21.75 to $27.25 in a research report on Tuesday, April 9th. National Bank Financial reiterated an “outperform overweight” rating on shares of Alamos Gold in a report on Monday, April 8th. Finally, Royal Bank of Canada increased their target price on shares of Alamos Gold from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Alamos Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.15.

Alamos Gold Price Performance

Alamos Gold stock opened at $15.68 on Wednesday. Alamos Gold has a 52-week low of $10.78 and a 52-week high of $16.01. The stock has a fifty day moving average price of $14.42 and a two-hundred day moving average price of $13.43. The firm has a market capitalization of $6.24 billion, a P/E ratio of 30.15, a P/E/G ratio of 3.65 and a beta of 1.16.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Thursday, April 25th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. The business had revenue of $277.60 million during the quarter, compared to analysts’ expectations of $271.15 million. Alamos Gold had a net margin of 19.41% and a return on equity of 7.38%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $0.12 EPS. On average, equities research analysts predict that Alamos Gold will post 0.67 EPS for the current fiscal year.

Hedge Funds Weigh In On Alamos Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Anthracite Investment Company Inc. boosted its holdings in shares of Alamos Gold by 22.2% in the first quarter. Anthracite Investment Company Inc. now owns 110,000 shares of the basic materials company’s stock worth $1,622,000 after acquiring an additional 20,000 shares during the period. Twin Tree Management LP lifted its holdings in shares of Alamos Gold by 9.9% in the 1st quarter. Twin Tree Management LP now owns 367,070 shares of the basic materials company’s stock worth $5,414,000 after acquiring an additional 33,052 shares during the last quarter. Foundry Partners LLC grew its stake in shares of Alamos Gold by 8.9% during the first quarter. Foundry Partners LLC now owns 496,486 shares of the basic materials company’s stock valued at $7,323,000 after buying an additional 40,393 shares during the last quarter. Edmond DE Rothschild Holding S.A. lifted its position in Alamos Gold by 12.3% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 129,146 shares of the basic materials company’s stock valued at $1,904,000 after purchasing an additional 14,146 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Alamos Gold by 66.2% during the 1st quarter. Russell Investments Group Ltd. now owns 191,746 shares of the basic materials company’s stock valued at $2,829,000 after purchasing an additional 76,379 shares during the period. 64.33% of the stock is owned by hedge funds and other institutional investors.

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.