Raymond James downgraded shares of Alamos Gold (NYSE:AGI) (TSE:AGI) from an outperform rating to a market perform rating in a report issued on Thursday morning, Marketbeat reports. The brokerage currently has $4.84 target price on the basic materials company’s stock.
Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity reaffirmed a buy rating on shares of Alamos Gold in a research report on Friday, December 7th. CIBC reaffirmed an average rating and issued a $8.25 price target on shares of Alamos Gold in a research report on Monday, January 21st. ValuEngine raised shares of Alamos Gold from a sell rating to a hold rating in a research report on Monday, February 4th. Royal Bank of Canada lowered their price target on shares of Alamos Gold from $7.00 to $6.00 and set a hold rating for the company in a research report on Wednesday, January 23rd. Finally, Zacks Investment Research raised shares of Alamos Gold from a strong sell rating to a hold rating in a research report on Wednesday, January 9th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Alamos Gold has a consensus rating of Hold and a consensus price target of $6.52.
Shares of AGI traded up $0.21 during mid-day trading on Thursday, hitting $5.03. The company’s stock had a trading volume of 682,602 shares, compared to its average volume of 2,005,505. Alamos Gold has a 52-week low of $2.90 and a 52-week high of $6.13. The stock has a market capitalization of $1.91 billion, a PE ratio of 100.50, a PEG ratio of 1.22 and a beta of 0.23.
Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, February 20th. The basic materials company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Alamos Gold had a negative net margin of 11.14% and a positive return on equity of 0.73%. The firm had revenue of $163.10 million during the quarter, compared to analysts’ expectations of $163.25 million. The company’s revenue was up .9% compared to the same quarter last year. On average, equities analysts expect that Alamos Gold will post 0.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.80%. Alamos Gold’s payout ratio is 40.00%.
A number of large investors have recently bought and sold shares of AGI. Van ECK Associates Corp lifted its position in Alamos Gold by 18.5% during the fourth quarter. Van ECK Associates Corp now owns 50,412,471 shares of the basic materials company’s stock valued at $181,485,000 after acquiring an additional 7,865,458 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Alamos Gold by 59.6% in the third quarter. Bank of New York Mellon Corp now owns 10,698,902 shares of the basic materials company’s stock worth $49,322,000 after buying an additional 3,995,623 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of Alamos Gold in the fourth quarter worth $10,305,000. Royce & Associates LP raised its holdings in shares of Alamos Gold by 95.1% in the fourth quarter. Royce & Associates LP now owns 4,036,216 shares of the basic materials company’s stock worth $14,516,000 after buying an additional 1,967,482 shares during the last quarter. Finally, Sun Valley Gold LLC raised its holdings in shares of Alamos Gold by 27.0% in the fourth quarter. Sun Valley Gold LLC now owns 7,142,158 shares of the basic materials company’s stock worth $25,714,000 after buying an additional 1,519,971 shares during the last quarter. 57.63% of the stock is owned by institutional investors.
Alamos Gold Company Profile
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.
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