Alamos Gold (NYSE:AGI) Downgraded by StockNews.com

StockNews.com lowered shares of Alamos Gold (NYSE:AGIFree Report) (TSE:AGI) from a buy rating to a hold rating in a research note released on Wednesday morning.

Several other research firms have also commented on AGI. Royal Bank of Canada upgraded Alamos Gold from a sector perform rating to an outperform rating and upped their price objective for the stock from $12.00 to $16.00 in a research note on Thursday, January 11th. National Bank Financial restated an outperform overweight rating on shares of Alamos Gold in a research report on Wednesday, January 3rd. Desjardins began coverage on Alamos Gold in a research report on Tuesday, October 24th. They set a hold rating on the stock. Finally, Scotiabank boosted their price objective on Alamos Gold from $14.00 to $15.00 and gave the company an outperform rating in a research note on Friday, October 27th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $15.38.

Check Out Our Latest Analysis on AGI

Alamos Gold Trading Down 1.2 %

Shares of NYSE AGI opened at $11.95 on Wednesday. Alamos Gold has a 12-month low of $9.78 and a 12-month high of $14.95. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 23.43, a price-to-earnings-growth ratio of 1.31 and a beta of 1.15. The firm has a 50 day moving average of $13.04 and a 200 day moving average of $12.59.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Tuesday, December 5th. Alamos Gold’s dividend payout ratio is currently 19.61%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its position in shares of Alamos Gold by 7.3% during the second quarter. Van ECK Associates Corp now owns 52,129,570 shares of the basic materials company’s stock valued at $621,383,000 after buying an additional 3,542,008 shares during the last quarter. Vanguard Group Inc. lifted its stake in Alamos Gold by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 14,202,762 shares of the basic materials company’s stock worth $160,349,000 after purchasing an additional 202,396 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Alamos Gold by 6.7% during the 1st quarter. Renaissance Technologies LLC now owns 9,177,531 shares of the basic materials company’s stock valued at $77,275,000 after purchasing an additional 579,511 shares during the last quarter. Norges Bank bought a new position in shares of Alamos Gold during the 4th quarter valued at about $64,117,000. Finally, FMR LLC grew its position in shares of Alamos Gold by 24.3% during the second quarter. FMR LLC now owns 4,411,128 shares of the basic materials company’s stock valued at $30,945,000 after purchasing an additional 863,013 shares in the last quarter. 54.99% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Company Profile

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Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold and silver 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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Analyst Recommendations for Alamos Gold (NYSE:AGI)

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