National Bank Financial Analysts Boost Earnings Estimates for Alamos Gold Inc. (NYSE:AGI)

Alamos Gold Inc. (NYSE:AGI – Get Score) (TSE:AGI) – Equities study analysts at National Financial institution Fiscal upped their FY2022 earnings estimates for shares of Alamos Gold in a report issued on Wednesday, March 2nd. Nationwide Financial institution Economic analyst M. Parkin now forecasts that the fundamental elements business will post earnings of $.28 per share for the calendar year, up from their previous estimate of $.26. Nationwide Financial institution Fiscal also issued estimates for Alamos Gold’s FY2023 earnings at $.37 EPS.

A selection of other research companies also a short while ago commented on AGI. Citigroup downgraded shares of Alamos Gold from a “obtain” score to a “hold” ranking and dropped their focus on rate for the stock from C$12.00 to C$10.00 in a report on Tuesday, January 18th. They mentioned that the transfer was a valuation get in touch with. BMO Cash Marketplaces minimized their focus on cost on shares of Alamos Gold from C$14.00 to C$11.00 in a exploration take note on Tuesday, January 18th. CIBC lessened their rate goal on shares of Alamos Gold from C$14.50 to C$13.00 in a analysis be aware on Wednesday, January 19th. Zacks Investment decision Analysis slash shares of Alamos Gold from a “invest in” rating to a “promote” rating in a analysis notice on Wednesday, January 19th. Eventually, Canaccord Genuity Group slice shares of Alamos Gold from a “buy” ranking to a “maintain” score and set a $10.00 cost goal for the enterprise. in a research be aware on Tuesday, January 18th. One investment decision analyst has rated the stock with a market score, 3 have issued a hold ranking and two have specified a acquire rating to the firm. In accordance to MarketBeat.com, the inventory at this time has an normal ranking of “Maintain” and a consensus focus on value of $11.04.

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AGI inventory opened at $7.71 on Friday. The firm’s 50-working day transferring ordinary is $7.21 and its two-hundred day transferring common is $7.51. Alamos Gold has a 52 7 days small of $6.51 and a 52 week higher of $9.38. The organization has a industry capitalization of $3.02 billion, a rate-to-earnings ratio of -45.35, a price tag-to-earnings-progress ratio of 2.05 and a beta of 1.04.

A amount of hedge cash and other institutional investors have lately purchased and marketed shares of the stock. Eagle Bay Advisors LLC grew its stake in shares of Alamos Gold by 104.2% for the duration of the 4th quarter. Eagle Bay Advisors LLC now owns 4,343 shares of the essential products company’s inventory worthy of $33,000 immediately after buying an extra 2,216 shares in the previous quarter. SeaBridge Expenditure Advisors LLC obtained a new stake in Alamos Gold throughout the 4th quarter valued at $77,000. Peapack Gladstone Economical Corp obtained a new stake in Alamos Gold for the duration of the 4th quarter valued at $81,000. Northwestern Mutual Wealth Administration Co. acquired a new stake in Alamos Gold all through the 4th quarter valued at $89,000. Lastly, Main Avenue Economical Options LLC acquired a new stake in Alamos Gold throughout the 4th quarter valued at $100,000. 60.84% of the inventory is owned by institutional investors and hedge money.

About Alamos Gold (Get Score)

Alamos Gold, Inc engages in the exploration, improvement, mining and extraction of treasured metals. It operates by means of the following segments: Youthful-Davidson, Mulatos, Island Gold, Elchanate, Kirazli and Corporate and Other. The company was launched on February 21, 2003 and is headquartered in Toronto, Canada.

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