Credit Suisse Group Initiates Coverage on Alamos Gold (AGI)

Credit Suisse Group assumed coverage on shares of Alamos Gold (NYSE:AGI) (TSE:AGI) in a research note published on Tuesday morning, BenzingaRatingsTable reports. The brokerage issued an outperform rating and a $7.00 target price on the basic materials company’s stock.

Several other research firms have also recently issued reports on AGI. National Bank Financial cut Alamos Gold from an outperform rating to a sector perform rating in a research note on Thursday, March 21st. TheStreet cut Alamos Gold from a c- rating to a d+ rating in a research note on Monday, March 4th. Raymond James cut Alamos Gold from an outperform rating to a market perform rating and set a $4.84 target price on the stock. in a research note on Thursday, February 21st. ValuEngine raised Alamos Gold from a sell rating to a hold rating in a research note on Monday, February 4th. Finally, Zacks Investment Research raised Alamos Gold from a strong sell rating to a hold rating in a research note on Wednesday, January 9th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $6.62.

NYSE AGI opened at $4.72 on Tuesday. The stock has a market capitalization of $1.91 billion, a P/E ratio of 94.40 and a beta of 0.25. Alamos Gold has a 1 year low of $2.90 and a 1 year high of $6.13.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, February 20th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. The company had revenue of $163.10 million for the quarter, compared to analysts’ expectations of $163.25 million. Alamos Gold had a positive return on equity of 0.74% and a negative net margin of 11.14%. The firm’s revenue was up .9% compared to the same quarter last year. On average, analysts predict that Alamos Gold will post 0.13 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.85%. Alamos Gold’s payout ratio is presently 80.00%.

A number of institutional investors have recently bought and sold shares of AGI. Insight Wealth Strategies LLC bought a new stake in Alamos Gold during the 4th quarter valued at approximately $45,000. SNS Financial Group LLC bought a new stake in Alamos Gold during the 4th quarter valued at approximately $47,000. Neuberger Berman Group LLC bought a new stake in Alamos Gold during the 3rd quarter valued at approximately $57,000. Squarepoint Ops LLC bought a new stake in Alamos Gold during the 4th quarter valued at approximately $57,000. Finally, Bbva Compass Bancshares Inc. boosted its position in Alamos Gold by 79.7% during the 4th quarter. Bbva Compass Bancshares Inc. now owns 38,786 shares of the basic materials company’s stock valued at $139,000 after acquiring an additional 17,205 shares in the last quarter. 59.83% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Company Profile

Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.

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