Alamos Gold (NYSE:AGI) Downgraded to "Hold" at National Bank Financial
National Bank Financial has downgraded Alamos Gold (NYSE: AGI) from a "strong-buy" to a "hold" rating, according to a recent note. Despite this rating adjustment, several other analysts maintained positive outlooks, with six issuing buy ratings. Currently, Alamos Gold’s stock has a consensus rating of "Moderate Buy" and a target price of approximately $9.06. The company has shown solid growth in earnings, reporting a notable revenue increase compared to last year. Institutional investors own over 64% of the company's shares, highlighting significant market interest.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI was downgraded by stock analysts at National Bank Financial from a "strong-buy" rating to a "hold" rating in a note issued to investors on Sunday, Zacks.com reports. National Bank Financial also issued estimates for Alamos Gold's FY2026 earnings at $0.60 EPS.
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AGI has been the subject of several other research reports. Jefferies Financial Group raised their price target on Alamos Gold from $20.00 to $21.00 and gave the company a "buy" rating in a report on Friday, July 12th. Scotiabank raised their price target on Alamos Gold from $20.00 to $22.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. Finally, StockNews.com raised Alamos Gold from a "hold" rating to a "buy" rating in a report on Thursday, May 16th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Alamos Gold currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.06.
View Our Latest Stock Analysis on Alamos Gold
Alamos Gold Trading Up 0.4 %
- Alamos Gold And Gold Fields Spearhead Gold Price Surge
NYSE AGI opened at $18.17 on Friday. The company has a market cap of $7.62 billion, a PE ratio of 34.93, a PEG ratio of 0.78 and a beta of 1.18. Alamos Gold has a 12 month low of $10.78 and a 12 month high of $20.24. The stock has a 50 day moving average of $17.80 and a 200-day moving average of $15.97.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. The company had revenue of $332.60 million during the quarter, compared to the consensus estimate of $282.78 million. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. The firm's revenue for the quarter was up 27.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 EPS. As a group, sell-side analysts predict that Alamos Gold will post 0.75 EPS for the current fiscal year.
Institutional Inflows and Outflows
- Alamos Gold In Tight Trading Range, Sets Up For Potential Gains
Several large investors have recently added to or reduced their stakes in AGI. Norges Bank bought a new position in Alamos Gold during the 4th quarter worth $64,117,000. Mackenzie Financial Corp increased its position in Alamos Gold by 147.6% during the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company's stock worth $119,003,000 after buying an additional 4,521,282 shares during the period. Van ECK Associates Corp increased its position in Alamos Gold by 8.3% during the 1st quarter. Van ECK Associates Corp now owns 52,397,485 shares of the basic materials company's stock worth $772,863,000 after buying an additional 4,009,220 shares during the period. Price T Rowe Associates Inc. MD increased its position in Alamos Gold by 71.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company's stock worth $97,183,000 after buying an additional 2,756,759 shares during the period. Finally, CIBC Asset Management Inc increased its position in Alamos Gold by 311.9% during the 2nd quarter. CIBC Asset Management Inc now owns 2,709,784 shares of the basic materials company's stock worth $42,480,000 after buying an additional 2,051,935 shares during the period. Institutional investors own 64.33% of the company's stock.
Alamos Gold Company Profile
(Get Free Report)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.
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