Alamos Gold (AGI) Raised to “Sell” at ValuEngine

ValuEngine upgraded shares of Alamos Gold (NYSE:AGI) (TSE:AGI) from a strong sell rating to a sell rating in a research note released on Wednesday morning.

Several other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Alamos Gold from a hold rating to a sell rating in a research note on Tuesday, August 7th. TheStreet raised shares of Alamos Gold from a d+ rating to a c- rating in a research note on Wednesday, June 6th. Finally, Desjardins raised shares of Alamos Gold from a hold rating to a buy rating in a research note on Thursday, June 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $8.45.

Shares of Alamos Gold opened at $4.80 on Wednesday, MarketBeat.com reports. Alamos Gold has a 52-week low of $4.77 and a 52-week high of $8.58. The firm has a market cap of $1.91 billion, a PE ratio of 40.00, a P/E/G ratio of 1.50 and a beta of 0.17.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). Alamos Gold had a return on equity of 1.70% and a net margin of 2.50%. The business had revenue of $169.00 million during the quarter, compared to the consensus estimate of $164.28 million. During the same period in the prior year, the firm earned $0.01 EPS. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. research analysts predict that Alamos Gold will post 0.09 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of AGI. Two Sigma Advisers LP bought a new stake in Alamos Gold during the fourth quarter valued at $392,000. Wells Fargo & Company MN boosted its position in Alamos Gold by 19.5% during the first quarter. Wells Fargo & Company MN now owns 795,256 shares of the basic materials company’s stock valued at $4,143,000 after acquiring an additional 129,881 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in Alamos Gold by 45.5% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 323,025 shares of the basic materials company’s stock valued at $1,683,000 after acquiring an additional 101,050 shares during the last quarter. Alps Advisors Inc. boosted its position in Alamos Gold by 18.6% during the first quarter. Alps Advisors Inc. now owns 1,928,114 shares of the basic materials company’s stock valued at $10,045,000 after acquiring an additional 301,991 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Alamos Gold by 11.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 98,906 shares of the basic materials company’s stock valued at $514,000 after acquiring an additional 10,500 shares during the last quarter. 59.83% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Company Profile

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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