Alamos Gold Inc. (NYSE:AGI) Given Outperform Market Weight Rating at National Bank Financial

National Bank Financial restated their outperform market weight rating on shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in a research note issued to investors on Sunday, July 23rd. National Bank Financial also issued estimates for Alamos Gold’s Q2 2017 earnings at $0.02 EPS, FY2017 earnings at $0.06 EPS, FY2018 earnings at $0.07 EPS, FY2019 earnings at $0.22 EPS and FY2020 earnings at $0.36 EPS.

Several other research firms have also recently weighed in on AGI. Zacks Investment Research cut shares of Alamos Gold from a buy rating to a hold rating in a report on Tuesday, March 28th. Royal Bank Of Canada restated a hold rating and set a $9.00 price target on shares of Alamos Gold in a report on Tuesday, April 18th. BidaskClub upgraded shares of Alamos Gold from a sell rating to a hold rating in a report on Friday, June 23rd. Raymond James Financial, Inc. restated an ourperform rating and set a $12.00 price target on shares of Alamos Gold in a report on Thursday, June 15th. Finally, ValuEngine cut shares of Alamos Gold from a hold rating to a sell rating in a report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $10.31.

Shares of Alamos Gold (AGI) traded down 1.29% during trading on Friday, reaching $7.67. 2,420,619 shares of the company were exchanged. The firm’s market cap is $2.31 billion. The stock’s 50-day moving average is $7.17 and its 200-day moving average is $7.36. Alamos Gold has a 52-week low of $5.95 and a 52-week high of $9.00.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Alamos Gold had a negative net margin of 2.61% and a positive return on equity of 0.44%. The firm had revenue of $131.30 million during the quarter, compared to analysts’ expectations of $125.71 million. During the same period last year, the company earned ($0.01) earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. Equities research analysts predict that Alamos Gold will post $0.10 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was published by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://www.com-unik.info/2017/08/19/alamos-gold-inc-nyseagi-stock-rating-reaffirmed-by-national-bank-financial-updated-updated-updated.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. World Asset Management Inc boosted its position in Alamos Gold by 0.4% in the first quarter. World Asset Management Inc now owns 16,354 shares of the basic materials company’s stock worth $131,000 after buying an additional 58 shares during the last quarter. Comerica Bank boosted its position in Alamos Gold by 1.6% in the first quarter. Comerica Bank now owns 15,265 shares of the basic materials company’s stock worth $108,000 after buying an additional 234 shares during the last quarter. Stifel Financial Corp boosted its position in Alamos Gold by 1.6% in the first quarter. Stifel Financial Corp now owns 34,836 shares of the basic materials company’s stock worth $277,000 after buying an additional 553 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Alamos Gold by 3.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 19,353 shares of the basic materials company’s stock worth $155,000 after buying an additional 594 shares during the last quarter. Finally, CIBC World Markets Inc. boosted its position in Alamos Gold by 1.0% in the first quarter. CIBC World Markets Inc. now owns 169,975 shares of the basic materials company’s stock worth $1,365,000 after buying an additional 1,697 shares during the last quarter. Hedge funds and other institutional investors own 67.83% of the company’s stock.

Alamos Gold Company Profile

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.

What are top analysts saying about Alamos Gold Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Alamos Gold Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit