Alamos Gold Inc. (AGI) Stock Rating Lowered by Royal Bank Of Canada

Cornelia Mascio
Gennaio 14, 2018

This stock (AGI) is ahead of its 52-week low with 5.56%.

1 analysts on average are expecting the company to report revenue of $168.08 Million for the current quarter. The opening price of $6.5, led it to gain -5.01% to reach $6.26 upon the closing bell.

The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. Sprott Inc. now owns 1,029,367 shares of the company's stock valued at $8,853,000 after buying an additional 467,766 shares during the last quarter. Approximately 1,020,700 shares were traded during mid-day trading, an increase of 19% from the average daily volume of 859,740 shares.

Alamos Gold Inc (TSE:AGI) (NYSE:AGI) shares were down 1.8% on Thursday. It has underperformed by 20.05% the S&P500. The Return on Investment (ROI) ratio of Alamos Gold, Inc.

AGI has been the subject of several recent research reports. The stock gained 2.12 percent over the past month and fell -3.84 percent year-to-date. AGI's profit will be $3.83 million for 147.75 P/E if the $0.01 EPS becomes a reality. AGF Investments Inc. boosted its stake in shares of Alamos Gold by 49.1% in the second quarter. Therefore 44% are positive.

ILLEGAL ACTIVITY WARNING: "Alamos Gold (AGI) Trading Down 1.8%" was published by TrueBlueTribune and is the sole property of of TrueBlueTribune. JMP Securities maintained the stock with "Market Outperform" rating in Wednesday, March 9 report. Analysts set a 12-month price target of $22 a share. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Alamos Gold Inc (US) by 23.9% during the 3rd quarter. (NYSE:AGI) on Tuesday, June 27 with "Hold" rating. Furthermore on 12/12/16 RBC Capital "Upgrades" the stock to Outperform at $0. Scotia Capital upgraded Alamos Gold Inc. (NYSE:AGI) on Tuesday, August 11 to "Sector Perform" rating. As per Tuesday, May 3, the company rating was downgraded by Canaccord Genuity. Briley maintained the stock with "Neutral" rating in Monday, August 29 report. The firm earned "Outperform" rating on Monday, June 27 by Raymond James.

More news for Alamos Gold Inc.

Alamos Gold Inc (NYSE:AGI)'s revenue estimates for the current quarter are $166.87 Million according to 2 number of analysts, for the current quarter the company has high revenue estimates of $183 Million in contradiction of low revenue estimates of $150.74 Million. Scotiabank reduced their target price on Alamos Gold Inc (US) from $11.00 to $9.00 and set a "sector perform" rating on the stock in a report on Monday, December 18th.

Alamos Gold Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. The firm has a market capitalization of $2,970.00 and a price-to-earnings ratio of 254.33. It also provides ferrosilicon products that are used to produce stainless steel, carbon steel, and various other steel alloys, as well as to manufacture electrodes and aluminum; silico calcium, which is used in the deoxidation and desulfurization of liquid steel, and production of coatings for cast iron pipes, as well as in the welding process of powder metal; nodularizers and inoculants, which are used in the production of iron; and silica fume, a by-product of the electrometallurgical process of silicon metal and ferrosilicon. The Company's segments include Young-Davidson, Mulatos, El Chanate and Corporate/other.

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