Alamos Gold Inc (NYSE:AGI) (TSE:AGI) has been given a consensus rating of “Hold” by the nine research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $7.50.
AGI has been the subject of a number of analyst reports. Canaccord Genuity restated a “buy” rating on shares of Alamos Gold in a research note on Friday, December 7th. Raymond James reaffirmed a “buy” rating on shares of Alamos Gold in a report on Friday, November 2nd. Zacks Investment Research raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a report on Friday, September 21st. Desjardins downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Thursday, December 13th. Finally, ValuEngine raised shares of Alamos Gold from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 2nd.
Several hedge funds and other institutional investors have recently made changes to their positions in AGI. Neuberger Berman Group LLC purchased a new position in shares of Alamos Gold in the third quarter worth approximately $57,000. AGF Investments Inc. lifted its holdings in Alamos Gold by 5.3% during the third quarter. AGF Investments Inc. now owns 510,698 shares of the basic materials company’s stock valued at $2,345,000 after purchasing an additional 25,500 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Alamos Gold by 221.9% during the second quarter. Tower Research Capital LLC TRC now owns 52,534 shares of the basic materials company’s stock valued at $299,000 after purchasing an additional 36,216 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Alamos Gold by 73.8% during the second quarter. Russell Investments Group Ltd. now owns 86,631 shares of the basic materials company’s stock valued at $489,000 after purchasing an additional 36,798 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Alamos Gold during the third quarter valued at approximately $200,000. 58.48% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:AGI traded up $0.03 on Friday, reaching $3.84. 1,890,771 shares of the stock traded hands, compared to its average volume of 2,210,538. The firm has a market cap of $1.52 billion, a P/E ratio of 32.00, a P/E/G ratio of 0.88 and a beta of 0.12. Alamos Gold has a 12 month low of $2.90 and a 12 month high of $6.48.
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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