Alamos Gold’s (AGI) Outperform Rating Reaffirmed at Royal Bank Of Canada

Alamos Gold (NYSE:AGI) (TSE:AGI)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank Of Canada in a note issued to investors on Wednesday, Benzinga reports. They presently have a $42.00 price target on the basic materials company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 18.78% from the stock’s previous close.

AGI has been the subject of a number of other reports. Wall Street Zen cut Alamos Gold from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a report on Saturday, June 20th. Weiss Ratings cut shares of Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Jefferies Financial Group reduced their price objective on shares of Alamos Gold from $50.00 to $49.00 and set a “buy” rating for the company in a report on Monday, July 6th. Finally, Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, July 14th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Alamos Gold presently has an average rating of “Moderate Buy” and an average target price of $47.50.

Alamos Gold Stock Performance

AGI stock traded up $0.19 during trading on Wednesday, reaching $35.36. 1,309,125 shares of the stock were exchanged, compared to its average volume of 4,078,965. Alamos Gold has a twelve month low of $27.05 and a twelve month high of $55.41. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $14.80 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 0.48 and a beta of 0.61. The stock has a 50 day simple moving average of $32.89 and a 200-day simple moving average of $38.50.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. Alamos Gold had a return on equity of 19.28% and a net margin of 52.64%.The company had revenue of $594.10 million during the quarter, compared to the consensus estimate of $593.58 million. During the same quarter last year, the company earned $0.34 EPS. The company’s quarterly revenue was up 35.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Alamos Gold will post 2.12 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Clearstead Advisors LLC grew its stake in shares of Alamos Gold by 62.7% during the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after buying an additional 251 shares during the last quarter. Cary Street Partners Financial LLC increased its stake in shares of Alamos Gold by 1.4% in the fourth quarter. Cary Street Partners Financial LLC now owns 24,730 shares of the basic materials company’s stock valued at $954,000 after buying an additional 335 shares during the period. Petra Financial Advisors Inc. boosted its position in Alamos Gold by 2.3% during the 1st quarter. Petra Financial Advisors Inc. now owns 23,153 shares of the basic materials company’s stock worth $1,029,000 after buying an additional 518 shares during the period. Parvin Asset Management LLC grew its holdings in Alamos Gold by 1.8% during the 1st quarter. Parvin Asset Management LLC now owns 35,390 shares of the basic materials company’s stock worth $1,572,000 after acquiring an additional 625 shares during the last quarter. Finally, XML Financial LLC grew its holdings in Alamos Gold by 10.8% during the 2nd quarter. XML Financial LLC now owns 7,200 shares of the basic materials company’s stock worth $218,000 after acquiring an additional 700 shares during the last quarter. 64.33% of the stock is owned by institutional investors.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian-based gold producer engaged in the acquisition, exploration, development and operation of gold mines. The company produces gold doré and related by-products from its wholly owned mining operations in Canada and Mexico, and also maintains a portfolio of exploration and development projects.

Alamos Gold’s principal Canadian assets are the Island Gold and Young-Davidson mines in Ontario, along with the Magino mine near Dubreuilville, Ontario. In Mexico, the company operates the Mulatos mining district in Sonora, which includes the La Yaqui Grande mine.