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

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

Other research analysts also recently issued reports about the stock. Royal Bank of Canada boosted their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. National Bank Financial raised Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $26.06.

Alamos Gold Stock Performance

NYSE:AGI opened at $26.57 on Friday. The company has a market cap of $11.17 billion, a price-to-earnings ratio of 38.50, a PEG ratio of 0.40 and a beta of 1.15. Alamos Gold has a fifty-two week low of $14.31 and a fifty-two week high of $27.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The stock has a fifty day moving average price of $23.13 and a 200-day moving average price of $20.75.

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

Hedge Funds Weigh In On Alamos Gold

A number of institutional investors and hedge funds have recently made changes to their positions in AGI. Vanguard Group Inc. raised its holdings in shares of Alamos Gold by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company’s stock worth $295,105,000 after acquiring an additional 279,280 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Alamos Gold by 17.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company’s stock valued at $173,991,000 after purchasing an additional 1,424,550 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of 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 buying an additional 2,867,027 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Alamos Gold by 4.4% during the fourth quarter. Renaissance Technologies LLC now owns 7,534,253 shares of the basic materials company’s stock worth $138,932,000 after buying an additional 318,360 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in 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 buying an additional 5,516,186 shares during the last quarter. Institutional investors 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.