Alamos Gold (NYSE:AGI) Rating Lowered to “Hold” at StockNews.com

Alamos Gold (NYSE:AGI) (TSE:AGI) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other brokerages also recently weighed in on AGI. National Bank Financial upgraded Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. Royal Bank of Canada increased their price target on Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $26.06.

Alamos Gold Stock Performance

Alamos Gold stock opened at $26.57 on Friday. 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 has a one year low of $14.31 and a one year high of $27.25. The stock’s 50 day moving average price is $23.13 and its 200 day moving average price is $20.72. The firm has a market capitalization of $11.17 billion, a PE ratio of 38.50, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. As a group, sell-side analysts expect that Alamos Gold will post 1.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Alamos Gold by 296.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company’s stock valued at $136,011,000 after acquiring an additional 5,516,186 shares during the last quarter. Norges Bank acquired a new position in Alamos Gold in the fourth quarter worth $100,694,000. CIBC Asset Management Inc increased its stake in Alamos Gold by 59.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock valued at $142,936,000 after purchasing an additional 2,867,027 shares during the last quarter. FMR LLC raised its holdings in shares of Alamos Gold by 50.8% during the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock worth $127,027,000 after purchasing an additional 2,148,153 shares during the period. Finally, Addenda Capital Inc. bought a new position in shares of Alamos Gold in the 4th quarter worth about $34,869,000. 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.