Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – Investment analysts at Desjardins issued their FY2017 earnings estimates for shares of Alamos Gold in a report released on Monday. Desjardins analyst J. Wolfson expects that the basic materials company will earn $0.19 per share for the year. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for Alamos Gold’s FY2018 earnings at $0.18 EPS, FY2019 earnings at $0.30 EPS, FY2020 earnings at $0.36 EPS and FY2021 earnings at $0.46 EPS.
A number of other equities research analysts have also issued reports on AGI. ValuEngine upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Royal Bank of Canada set a $9.00 price objective on shares of Alamos Gold and gave the stock a “hold” rating in a research note on Tuesday, October 10th. BMO Capital Markets reiterated a “buy” rating and set a $11.50 price objective (down previously from $14.00) on shares of Alamos Gold in a research note on Friday, November 24th. Finally, Zacks Investment Research upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Tuesday, December 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $9.88.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in Alamos Gold during the second quarter worth about $106,000. Empirical Finance LLC bought a new position in Alamos Gold in the 3rd quarter worth about $138,000. Raymond James Financial Services Advisors Inc. grew its position in Alamos Gold by 3.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 20,070 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 717 shares during the last quarter. Oxbow Advisors LLC grew its position in Alamos Gold by 80.2% in the 3rd quarter. Oxbow Advisors LLC now owns 26,072 shares of the basic materials company’s stock worth $176,000 after purchasing an additional 11,605 shares during the last quarter. Finally, Fore Research & Management LP bought a new position in Alamos Gold in the 2nd quarter worth about $215,000. Hedge funds and other institutional investors own 63.00% of the company’s stock.
About Alamos Gold
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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