Other analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Alamos Gold from a hold rating to a sell rating in a research note on Tuesday, August 28th. ValuEngine raised shares of Alamos Gold from a strong sell rating to a sell rating in a research note on Wednesday, August 8th. Finally, CSFB reaffirmed an outperform rating and issued a $7.50 price target on shares of Alamos Gold in a research note on Friday, September 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Alamos Gold currently has an average rating of Hold and a consensus target price of $8.29.
Alamos Gold stock traded down $0.20 during midday trading on Friday, reaching $3.59. 1,954,409 shares of the stock traded hands, compared to its average volume of 2,030,399. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 29.92, a PEG ratio of 1.73 and a beta of 0.34. Alamos Gold has a fifty-two week low of $3.58 and a fifty-two week high of $7.03.
Several hedge funds have recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Alamos Gold by 127.3% during the first quarter. Barclays PLC now owns 27,727 shares of the basic materials company’s stock valued at $145,000 after acquiring an additional 15,528 shares during the period. Clean Yield Group acquired a new stake in shares of Alamos Gold during the second quarter valued at approximately $102,000. CIBC World Markets Inc. raised its holdings in shares of Alamos Gold by 7.4% during the second quarter. CIBC World Markets Inc. now owns 274,637 shares of the basic materials company’s stock valued at $1,563,000 after acquiring an additional 19,003 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Alamos Gold during the first quarter valued at approximately $123,000. Finally, Eagle Boston Investment Management Inc. raised its holdings in shares of Alamos Gold by 4.4% during the second quarter. Eagle Boston Investment Management Inc. now owns 569,762 shares of the basic materials company’s stock valued at $3,241,000 after acquiring an additional 23,867 shares during the period. Institutional investors and hedge funds own 59.32% of the company’s stock.
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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