BMO Capital Markets Reiterates Buy Rating for Alamos Gold (NYSE:AGI)

Alamos Gold (NYSE:AGI) (TSE:AGI)‘s stock had its “buy” rating reissued by equities researchers at BMO Capital Markets in a research note issued on Friday, November 24th. They presently have a $11.50 price target on the basic materials company’s stock, down from their previous price target of $14.00. BMO Capital Markets’ target price would suggest a potential upside of 89.14% from the stock’s current price.

A number of other analysts have also recently commented on the stock. ValuEngine upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. BidaskClub upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Zacks Investment Research raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $9.00 price target on shares of Alamos Gold in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Alamos Gold has an average rating of “Hold” and an average target price of $9.88.

Shares of Alamos Gold (AGI) opened at $6.08 on Friday. Alamos Gold has a twelve month low of $5.93 and a twelve month high of $9.00. The stock has a market cap of $2,388.82, a PE ratio of 102.33 and a beta of 0.46.

A number of institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. grew its position in shares of Alamos Gold by 3.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 20,070 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 717 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Alamos Gold by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 507,684 shares of the basic materials company’s stock worth $4,077,000 after acquiring an additional 2,198 shares in the last quarter. Eagle Boston Investment Management Inc. raised its position in shares of Alamos Gold by 0.7% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 468,017 shares of the basic materials company’s stock valued at $3,360,000 after purchasing an additional 3,474 shares in the last quarter. Legal & General Group Plc raised its position in shares of Alamos Gold by 37.1% in the 1st quarter. Legal & General Group Plc now owns 28,798 shares of the basic materials company’s stock valued at $231,000 after purchasing an additional 7,800 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Alamos Gold by 1.8% in the 3rd quarter. Swiss National Bank now owns 505,721 shares of the basic materials company’s stock valued at $3,418,000 after purchasing an additional 9,100 shares in the last quarter. Institutional investors own 63.00% of the company’s stock.

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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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