Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, January 3rd.

A number of other analysts have also weighed in on the stock. Desjardins restated a “hold” rating on shares of Alamos Gold Inc (US) in a research report on Monday, December 11th. Zacks Investment Research downgraded shares of Alamos Gold Inc (US) from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. BMO Capital Markets reissued a “buy” rating and set a $11.50 target price (down previously from $14.00) on shares of Alamos Gold Inc (US) in a research note on Friday, November 24th. Scotiabank lowered their target price on shares of Alamos Gold Inc (US) from $11.00 to $9.00 and set a “sector perform” rating for the company in a research note on Monday, December 18th. Finally, Royal Bank of Canada set a $9.00 target price on shares of Alamos Gold Inc (US) and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $9.29.

Alamos Gold Inc (AGI) traded down $0.30 during midday trading on Wednesday, hitting $6.08. 2,359,835 shares of the company traded hands, compared to its average volume of 2,170,000. The firm has a market cap of $2,480.00 and a price-to-earnings ratio of 304.00. Alamos Gold Inc has a twelve month low of $5.84 and a twelve month high of $9.00.

Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) last issued its earnings results on Thursday, November 2nd. The basic materials company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Alamos Gold Inc (US) had a net margin of 2.08% and a return on equity of 1.07%. equities research analysts forecast that Alamos Gold Inc will post 0.16 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. increased its stake in Alamos Gold Inc (US) by 50.6% in the second quarter. Franklin Resources Inc. now owns 38,805,105 shares of the basic materials company’s stock valued at $277,916,000 after purchasing an additional 13,039,324 shares in the last quarter. Prudential PLC increased its stake in Alamos Gold Inc (US) by 9.7% in the second quarter. Prudential PLC now owns 11,897,191 shares of the basic materials company’s stock valued at $85,422,000 after purchasing an additional 1,054,961 shares in the last quarter. Vanguard Group Inc. increased its stake in Alamos Gold Inc (US) by 5.7% in the second quarter. Vanguard Group Inc. now owns 6,076,445 shares of the basic materials company’s stock valued at $43,628,000 after purchasing an additional 327,326 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Alamos Gold Inc (US) by 15.7% in the second quarter. Bank of New York Mellon Corp now owns 5,349,821 shares of the basic materials company’s stock valued at $38,411,000 after purchasing an additional 727,055 shares in the last quarter. Finally, Fiera Capital Corp increased its stake in Alamos Gold Inc (US) by 220.7% in the second quarter. Fiera Capital Corp now owns 4,827,103 shares of the basic materials company’s stock valued at $34,148,000 after purchasing an additional 3,321,741 shares in the last quarter. 63.00% of the stock is owned by hedge funds and other institutional investors.

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About Alamos Gold Inc (US)

Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.

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Analyst Recommendations for Alamos Gold Inc (US) (NYSE:AGI)

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