Alamos Gold (NYSE:AGI) Rating Lowered to “Hold” at Wall Street Zen

Alamos Gold (NYSE:AGIGet Free Report) (TSE:AGI) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Other analysts have also recently issued research reports about the stock. Scotiabank restated an “outperform” rating on shares of Alamos Gold in a report on Thursday, October 23rd. Jefferies Financial Group reissued a “buy” rating and set a $49.00 price objective on shares of Alamos Gold in a research note on Sunday, December 7th. Weiss Ratings restated a “buy (a)” rating on shares of Alamos Gold in a report on Monday, December 29th. Bank of America raised their target price on shares of Alamos Gold from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Finally, TD Securities reiterated a “buy” rating on shares of Alamos Gold in a report on Monday, November 3rd. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $43.00.

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Alamos Gold Price Performance

AGI stock opened at $38.95 on Friday. The firm has a market cap of $16.35 billion, a P/E ratio of 30.43, a P/E/G ratio of 0.36 and a beta of 0.63. The firm’s fifty day moving average is $37.52 and its 200 day moving average is $32.61. Alamos Gold has a 52 week low of $19.07 and a 52 week high of $43.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.72.

Alamos Gold (NYSE:AGIGet Free Report) (TSE:AGI) last posted its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $462.30 million for the quarter, compared to analyst estimates of $490.96 million. Alamos Gold had a return on equity of 12.36% and a net margin of 33.46%.Alamos Gold’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period last year, the company earned $0.19 EPS. Research analysts predict that Alamos Gold will post 1.29 earnings per share for the current year.

Institutional Trading of Alamos Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC purchased a new stake in Alamos Gold in the 2nd quarter worth $30,000. 1620 Investment Advisors Inc. bought a new position in shares of Alamos Gold in the third quarter worth about $35,000. EverSource Wealth Advisors LLC boosted its stake in shares of Alamos Gold by 69.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 581 shares during the period. Bessemer Group Inc. purchased a new stake in shares of Alamos Gold during the second quarter worth about $90,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in Alamos Gold during the 2nd quarter valued at approximately $98,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold News Roundup

Here are the key news stories impacting Alamos Gold this week:

About Alamos Gold

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Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.

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Analyst Recommendations for Alamos Gold (NYSE:AGI)

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