Positive Press Coverage Somewhat Unlikely to Impact Alamos Gold (AGI) Share Price

Press coverage about Alamos Gold (NYSE:AGI) (TSE:AGI) has been trending positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alamos Gold earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 47.8353623504589 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news articles that may have impacted Accern Sentiment’s rankings:

Shares of Alamos Gold (NYSE AGI) traded up 1.28% during mid-day trading on Friday, hitting $7.93. 1,805,519 shares of the stock traded hands. The stock’s market cap is $2.38 billion. The firm has a 50 day moving average of $7.09 and a 200 day moving average of $7.37. Alamos Gold has a 12 month low of $5.95 and a 12 month high of $9.30.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. The company had revenue of $131.30 million during the quarter, compared to analysts’ expectations of $125.71 million. Alamos Gold had a negative net margin of 2.61% and a positive return on equity of 0.44%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.01) earnings per share. On average, equities analysts expect that Alamos Gold will post $0.10 EPS for the current fiscal year.

Several research analysts have weighed in on the stock. National Bank Financial reiterated an “outperform market weight” rating on shares of Alamos Gold in a research report on Sunday, July 23rd. BidaskClub upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a research report on Tuesday. Royal Bank Of Canada reiterated a “hold” rating and issued a $9.00 price target on shares of Alamos Gold in a research report on Wednesday, August 2nd. Finally, ValuEngine downgraded shares of Alamos Gold from a “hold” rating to a “sell” rating in a research report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $10.88.

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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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