Alamos Gold (NYSE:AGI) Upgraded to Buy at StockNews.com

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Tuesday.

A number of other research firms also recently issued reports on AGI. Bank of America lowered their target price on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Scotiabank upped their price objective on Alamos Gold from $25.00 to $33.00 and gave the stock a "sector outperform" rating in a report on Monday, April 14th. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Royal Bank of Canada boosted their price target on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $30.38.

Alamos Gold Price Performance

AGI stock traded down $0.75 during trading on Tuesday, hitting $29.58. The stock had a trading volume of 3,122,005 shares, compared to its average volume of 2,533,059. Alamos Gold has a 1-year low of $14.31 and a 1-year high of $31.00. The stock has a market cap of $12.44 billion, a price-to-earnings ratio of 42.87, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. The company's 50 day moving average price is $25.24 and its two-hundred day moving average price is $21.55. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $375.80 million during the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. On average, sell-side analysts forecast that Alamos Gold will post 1.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Medici Capital LLC acquired a new stake in shares of Alamos Gold in the first quarter valued at about $748,000. NBT Bank N A NY acquired a new stake in shares of Alamos Gold during the first quarter worth $190,000. Louisbourg Investments Inc. acquired a new stake in Alamos Gold during the first quarter worth about $3,223,000. Murphy Pohlad Asset Management LLC lifted its holdings in shares of Alamos Gold by 0.3% in the 1st quarter. Murphy Pohlad Asset Management LLC now owns 159,650 shares of the basic materials company's stock worth $4,269,000 after purchasing an additional 500 shares during the last quarter. Finally, Sowell Financial Services LLC boosted its holdings in shares of Alamos Gold by 83.7% during the first quarter. Sowell Financial Services LLC now owns 125,773 shares of the basic materials company's stock valued at $3,363,000 after acquiring an additional 57,301 shares during the period. Institutional investors and hedge funds own 64.33% of the company's stock.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.