Shares of Alamos Gold Inc (NYSE:AGI) (TSE:AGI) have received a consensus rating of “Buy” from the eleven brokerages that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $6.77.

AGI has been the topic of several research analyst reports. Credit Suisse Group started coverage on shares of New Gold in a report on Tuesday, April 16th. They set a “neutral” rating and a $1.00 price target on the stock. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. Canaccord Genuity lifted their price objective on shares of from GBX 495 ($6.47) to GBX 500 ($6.53) and gave the company a “buy” rating in a research note on Thursday, June 13th. CIBC reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Alamos Gold in a research note on Friday, June 21st. Finally, TheStreet lowered shares of Hostess Brands from a “b” rating to a “f” rating in a research note on Thursday, July 18th.

Alamos Gold stock opened at $6.63 on Wednesday. The firm’s fifty day moving average is $6.00. Alamos Gold has a 12 month low of $2.90 and a 12 month high of $6.86. The stock has a market cap of $2.59 billion, a PE ratio of 132.60, a P/E/G ratio of 0.71 and a beta of 0.32.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. Alamos Gold had a negative net margin of 8.88% and a positive return on equity of 0.67%. The business had revenue of $156.00 million for the quarter, compared to analysts’ expectations of $163.19 million. During the same period in the previous year, the company posted $0.03 EPS. Alamos Gold’s revenue was down 9.8% on a year-over-year basis. As a group, research analysts expect that Alamos Gold will post 0.18 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. Tocqueville Asset Management L.P. lifted its stake in shares of Alamos Gold by 28.4% in the 1st quarter. Tocqueville Asset Management L.P. now owns 9,653,820 shares of the basic materials company’s stock valued at $49,041,000 after purchasing an additional 2,136,900 shares during the last quarter. FMR LLC lifted its position in Alamos Gold by 2.1% during the 1st quarter. FMR LLC now owns 5,226,012 shares of the basic materials company’s stock worth $26,515,000 after acquiring an additional 106,099 shares during the last quarter. Royce & Associates LP lifted its position in Alamos Gold by 6.0% during the 1st quarter. Royce & Associates LP now owns 4,277,792 shares of the basic materials company’s stock worth $21,703,000 after acquiring an additional 241,576 shares during the last quarter. Investec Asset Management LTD acquired a new position in Alamos Gold during the 1st quarter worth $15,112,000. Finally, Deutsche Bank AG lifted its position in Alamos Gold by 211.8% during the 4th quarter. Deutsche Bank AG now owns 2,350,542 shares of the basic materials company’s stock worth $8,461,000 after acquiring an additional 1,596,613 shares during the last quarter. 56.79% of the stock is owned by institutional investors and hedge funds.

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's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.

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Analyst Recommendations for Alamos Gold (NYSE:AGI)

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