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

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI was upgraded by equities researchers at StockNews.com from a "buy" rating to a "strong-buy" rating in a report released on Monday.

Several other equities analysts have also issued reports on the company. Royal Bank of Canada boosted their price target on Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Scotiabank lifted their price objective on Alamos Gold from $20.00 to $22.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. National Bank Financial lowered shares of Alamos Gold from a "strong-buy" rating to a "hold" rating in a report on Sunday, September 8th. Finally, Jefferies Financial Group increased their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $25.06.

Alamos Gold Trading Up 0.2 %

NYSE:AGI traded up $0.04 during mid-day trading on Monday, hitting $19.64. 1,353,145 shares of the company's stock traded hands, compared to its average volume of 2,353,088. The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of 37.77, a price-to-earnings-growth ratio of 0.86 and a beta of 1.18. The firm has a 50 day moving average of $19.34 and a two-hundred day moving average of $17.18. Alamos Gold has a 12 month low of $11.24 and a 12 month high of $21.42.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. The company had revenue of $332.60 million during the quarter, compared to analysts' expectations of $282.78 million. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. Alamos Gold's revenue for the quarter was up 27.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share. As a group, equities research analysts expect that Alamos Gold will post 0.75 earnings per share for the current year.

Institutional Trading of Alamos Gold

Several institutional investors and hedge funds have recently bought and sold shares of AGI. Foundation Resource Management Inc. increased its holdings in shares of Alamos Gold by 3.0% during the 3rd quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company's stock worth $826,000 after acquiring an additional 1,190 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of Alamos Gold by 3.4% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 38,816 shares of the basic materials company's stock valued at $609,000 after purchasing an additional 1,282 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Alamos Gold by 2.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company's stock worth $1,042,000 after buying an additional 1,654 shares during the last quarter. Easterly Investment Partners LLC boosted its holdings in shares of Alamos Gold by 0.6% during the 2nd quarter. Easterly Investment Partners LLC now owns 277,910 shares of the basic materials company's stock worth $4,358,000 after buying an additional 1,673 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its stake in Alamos Gold by 18.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,785 shares of the basic materials company's stock valued at $216,000 after buying an additional 2,141 shares during the last quarter. Institutional investors 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.

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