Zacks Investment Research lowered shares of Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) from a hold rating to a sell rating in a research note published on Thursday.
According to Zacks, “Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson mine in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico. “
Several other research firms have also commented on AGI. ValuEngine lowered Alamos Gold Inc (US) from a sell rating to a strong sell rating in a report on Thursday. TheStreet lowered Alamos Gold Inc (US) from a c- rating to a d+ rating in a report on Monday, April 2nd. Credit Suisse Group lowered their target price on Alamos Gold Inc (US) from $8.00 to $6.50 and set an outperform rating for the company in a report on Wednesday, March 21st. Royal Bank of Canada lowered their target price on Alamos Gold Inc (US) from $9.00 to $8.50 and set a sector perform rating for the company in a report on Tuesday, January 16th. Finally, Scotiabank lowered their target price on Alamos Gold Inc (US) from $11.00 to $9.00 and set a sector perform rating for the company in a report on Monday, December 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $9.04.
NYSE AGI traded up $0.13 on Thursday, hitting $5.63. 685,275 shares of the stock traded hands, compared to its average volume of 2,267,741. Alamos Gold Inc has a twelve month low of $4.83 and a twelve month high of $8.58. The stock has a market capitalization of $2,168.84, a P/E ratio of 46.83, a PEG ratio of 0.95 and a beta of 0.47.
Alamos Gold Inc (US) (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). Alamos Gold Inc (US) had a net margin of 4.90% and a return on equity of 1.70%. The firm had revenue of $161.70 million for the quarter, compared to analyst estimates of $159.65 million. During the same quarter in the previous year, the company earned ($0.08) EPS. The company’s quarterly revenue was up 22.3% compared to the same quarter last year. research analysts anticipate that Alamos Gold Inc will post 0.18 EPS for the current fiscal year.
The business also recently announced a semiannual dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be issued a dividend of $0.01 per share. This represents a dividend yield of 0.38%. The ex-dividend date is Friday, April 13th. Alamos Gold Inc (US)’s dividend payout ratio (DPR) is presently 16.67%.
A number of hedge funds have recently modified their holdings of AGI. Engineers Gate Manager LP bought a new position in Alamos Gold Inc (US) in the 4th quarter worth approximately $162,000. Aperio Group LLC bought a new position in Alamos Gold Inc (US) in the 4th quarter worth approximately $196,000. FNY Partners Fund LP bought a new position in Alamos Gold Inc (US) in the 4th quarter worth approximately $200,000. Moors & Cabot Inc. bought a new position in Alamos Gold Inc (US) in the 3rd quarter worth approximately $222,000. Finally, Fruth Investment Management bought a new position in Alamos Gold Inc (US) in the 4th quarter worth approximately $383,000. 62.41% of the stock is owned by institutional investors and hedge funds.
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About Alamos Gold Inc (US)
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.
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