Alamos Gold (NYSE:AGI) Rating Downgraded to 'Hold' by StockNews.com

Alamos Gold (NYSE:AGI) has recently faced a downgrade in its stock rating. Research analysts at StockNews.com announced on Saturday that they have changed their rating for Alamos Gold from "buy" to "hold." This change may be significant for investors considering their options for the mining company.

Impact of Recent Ratings Changes

StockNews.com is not alone in its assessment of Alamos Gold. Earlier, on March 21st, National Bank Financial upgraded the company to a "strong-buy" rating. Similarly, the Royal Bank of Canada raised their price target for Alamos Gold from $25.00 to $27.00, classifying the company's stock as "outperform" in their report released on February 11th. Overall, one investment analyst has assigned a hold rating, while four others have proposed a buy rating, and one has given a strong buy rating to the stock. According to MarketBeat, there is a consensus rating of "Buy" with a target price averaging $26.06.

Alamos Gold Stock Overview

As of Friday, Alamos Gold's stock opened at $26.57. The company maintains a debt-to-equity ratio of 0.08, a quick ratio of 0.96, and a current ratio of 1.51. Over the past year, the stock has experienced a low of $14.31 and a high point of $27.25. The stock's 50-day moving average price stands at $23.13, while the 200-day moving average price is $20.72. Alamos Gold has a market capitalization of approximately $11.17 billion, a price-to-earnings (PE) ratio of 38.50, a price-to-earnings-growth (PEG) ratio of 0.40, and a beta of 1.15.

Recent Earnings Report

Alamos Gold's latest earnings results were released on February 19th. The company reported earnings of $0.25 per share (EPS), surpassing analysts' expectations of $0.24 by $0.01. However, revenues for the quarter totaled $375.80 million, falling short of the anticipated $388.06 million. The company recorded a net margin of 21.11% and a return on equity of 10.05%. Looking forward, analysts project that Alamos Gold will achieve an EPS of 1.29 for the current fiscal year.

Investor Activity

A number of institutional investors have recently adjusted their stakes in Alamos Gold. Dimensional Fund Advisors LP significantly increased its holdings by 296.6% during the fourth quarter, now owning nearly 7.4 million shares valued at around $136 million. Norges Bank also established a new position worth $100.69 million in the same quarter. Additionally, CIBC Asset Management Inc. raised its stake by 59%, now holding approximately 7.73 million shares, while FMR LLC increased its holdings by 50.8% to over 6.37 million shares. Collectively, institutional investors own about 64.33% of the company's stock.

Alamos Gold Company Profile

Alamos Gold Inc. is engaged in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico, predominantly focusing on gold deposits. Its notable properties include the Young-Davidson mine and Island Gold mine in Ontario, Canada, the Mulatos mine in Sonora, Mexico, and the Lynn Lake project situated in Manitoba, Canada.

Alamos, Gold, Stock