Alamos Gold (NYSE:AGI) (TSE:AGI)‘s stock had its “outperform” rating reissued by equities research analysts at CSFB in a report issued on Friday, September 7th. They presently have a $7.50 price target on the basic materials company’s stock. CSFB’s price target suggests a potential upside of 66.67% from the company’s previous close.

AGI has been the subject of a number of other research reports. Desjardins raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research note on Thursday, June 7th. TheStreet raised shares of Alamos Gold from a “d+” rating to a “c-” rating in a research note on Wednesday, June 6th. Zacks Investment Research upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. Finally, ValuEngine upgraded shares of Alamos Gold from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $8.29.

Shares of NYSE AGI traded up $0.02 during trading hours on Friday, hitting $4.50. 1,417,759 shares of the stock were exchanged, compared to its average volume of 1,366,594. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 34.92, a P/E/G ratio of 1.14 and a beta of 0.19. Alamos Gold has a 1-year low of $4.06 and a 1-year high of $7.55.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The company had revenue of $169.00 million during the quarter, compared to the consensus estimate of $164.28 million. Alamos Gold had a net margin of 2.50% and a return on equity of 1.70%. Alamos Gold’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.01 EPS. equities research analysts predict that Alamos Gold will post 0.11 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in AGI. Moors & Cabot Inc. raised its position in shares of Alamos Gold by 24.7% in the first quarter. Moors & Cabot Inc. now owns 49,253 shares of the basic materials company’s stock valued at $257,000 after purchasing an additional 9,750 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Alamos Gold by 11.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 98,906 shares of the basic materials company’s stock valued at $514,000 after purchasing an additional 10,500 shares during the period. Barclays PLC raised its position in shares of Alamos Gold by 127.3% in the first quarter. Barclays PLC now owns 27,727 shares of the basic materials company’s stock valued at $145,000 after purchasing an additional 15,528 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Alamos Gold by 24.3% in the first quarter. BNP Paribas Arbitrage SA now owns 80,348 shares of the basic materials company’s stock valued at $291,000 after purchasing an additional 15,710 shares during the period. Finally, Great West Life Assurance Co. Can raised its position in shares of Alamos Gold by 1.7% in the first quarter. Great West Life Assurance Co. Can now owns 960,577 shares of the basic materials company’s stock valued at $4,986,000 after purchasing an additional 15,917 shares during the period. Institutional investors and hedge funds own 59.81% of the company’s stock.

About Alamos Gold

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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Analyst Recommendations for Alamos Gold (NYSE:AGI)

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