Alamos Gold Inc. (NYSE:AGI) Receives Average Recommendation of “Buy” from Brokerages

Alamos Gold Inc. (NYSE:AGIGet Free Report) (TSE:AGI) has earned an average rating of “Buy” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $50.6667.

A number of research analysts have issued reports on the company. Weiss Ratings cut Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Wall Street Zen cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Scotiabank lifted their price objective on Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research note on Friday, February 6th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th.

Get Our Latest Stock Analysis on AGI

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC raised its stake in shares of Alamos Gold by 44.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 222 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Alamos Gold by 2.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,760 shares of the basic materials company’s stock worth $454,000 after purchasing an additional 229 shares during the last quarter. Clearstead Advisors LLC raised its stake in shares of Alamos Gold by 62.8% in the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 251 shares during the last quarter. Sheets Smith Wealth Management raised its stake in shares of Alamos Gold by 1.3% in the fourth quarter. Sheets Smith Wealth Management now owns 20,098 shares of the basic materials company’s stock worth $775,000 after purchasing an additional 258 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Alamos Gold by 3.2% in the third quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company’s stock worth $340,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Down 4.4%

Shares of NYSE:AGI opened at $38.48 on Thursday. The stock has a fifty day simple moving average of $43.25 and a two-hundred day simple moving average of $41.80. The stock has a market capitalization of $16.16 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 0.52 and a beta of 0.50. Alamos Gold has a 12-month low of $23.92 and a 12-month high of $55.41. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05.

Alamos Gold (NYSE:AGIGet Free Report) (TSE:AGI) last announced its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $596.70 million during the quarter, compared to analysts’ expectations of $612.35 million. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The firm’s quarterly revenue was up 79.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 earnings per share. On average, research analysts anticipate that Alamos Gold will post 2.46 earnings per share for the current fiscal year.

Alamos Gold Company Profile

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Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.

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Analyst Recommendations for Alamos Gold (NYSE:AGI)

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