StockNews.com Downgrades Alamos Gold (NYSE:AGI) to Hold

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 to clients and investors on Saturday.

Several other research analysts have also recently commented on AGI. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a research report on Friday, March 21st. Royal Bank of Canada increased their price objective on Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. One 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 company. According to MarketBeat.com, Alamos Gold currently has an average rating of “Buy” and an average price target of $26.06.

Alamos Gold Trading Down 0.5 %

NYSE:AGI opened at $26.57 on Friday. The firm has a market capitalization of $11.17 billion, a P/E ratio of 38.50, a P/E/G ratio of 0.40 and a beta of 1.15. The business has a 50 day simple moving average of $23.13 and a 200 day simple moving average of $20.72. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. Alamos Gold has a 12-month low of $14.31 and a 12-month high of $27.25.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. Equities research analysts predict that Alamos Gold will post 1.29 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. PKO Investment Management Joint Stock Co bought a new position in Alamos Gold during the 4th quarter valued at $3,331,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Alamos Gold by 45.9% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 185,652 shares of the basic materials company’s stock valued at $3,423,000 after buying an additional 58,402 shares during the period. Mackenzie Financial Corp boosted its stake in Alamos Gold by 2.0% during the fourth quarter. Mackenzie Financial Corp now owns 7,371,629 shares of the basic materials company’s stock valued at $135,855,000 after buying an additional 145,726 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in Alamos Gold during the fourth quarter valued at about $711,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Alamos Gold during the fourth quarter worth about $4,260,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

About Alamos Gold

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.