Today’s Stock On Watch: Does Alamos Gold Inc (USA) Have Any Gas After Today’s Big Increase?

Today's Stock On Watch: Does Alamos Gold Inc (USA) Have Any Gas After Today's Big Increase?

The stock of Alamos Gold Inc (USA) (NYSE:AGI) is a huge mover today! About 1.89 million shares traded hands. Alamos Gold Inc (USA) (NYSE:AGI) has risen 44.29% since March 10, 2016 and is uptrending. It has outperformed by 36.77% the S&P500.
The move comes after 9 months positive chart setup for the $1.99B company. It was reported on Oct, 13 by We have $10.92 PT which if reached, will make NYSE:AGI worth $796.00 million more.

Analysts await Alamos Gold Inc (USA) (NYSE:AGI) to report earnings on November, 10. They expect $0.03 earnings per share, up 130.00% or $0.13 from last year’s $-0.1 per share. AGI’s profit will be $7.65 million for 65.00 P/E if the $0.03 EPS becomes a reality. After $-0.01 actual earnings per share reported by Alamos Gold Inc (USA) for the previous quarter, Wall Street now forecasts -400.00% EPS growth.

Alamos Gold Inc (USA) (NYSE:AGI) Ratings Coverage

Out of 8 analysts covering Alamos Gold (NYSE:AGI), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. Alamos Gold has been the topic of 13 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The company was upgraded on Tuesday, August 11 by Howard Weil. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, March 10. The stock of Alamos Gold Inc (USA) (NYSE:AGI) has “Hold” rating given on Tuesday, May 3 by Canaccord Genuity. Scotia Capital downgraded the shares of AGI in a report on Tuesday, March 29 to “Sector Perform” rating. The stock of Alamos Gold Inc (USA) (NYSE:AGI) has “Sector Outperform” rating given on Wednesday, August 19 by IBC. Desjardins Securities upgraded the stock to “Buy” rating in Thursday, August 11 report. Raymond James upgraded the shares of AGI in a report on Monday, June 27 to “Outperform” rating. The rating was upgraded by Scotia Capital on Wednesday, August 12 to “Sector Outperform”. The stock of Alamos Gold Inc (USA) (NYSE:AGI) earned “Outperform” rating by National Bank Canada on Friday, May 27. Raymond James downgraded Alamos Gold Inc (USA) (NYSE:AGI) on Wednesday, April 20 to “Market Perform” rating.

According to Zacks Investment Research, “Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson mine in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico.”

More news for Alamos Gold Inc (USA) (NYSE:AGI) were recently published by:, which released: “Why Alamos Gold Inc. Shares Jumped Nearly 17% in September” on October 11, 2016.‘s article titled: “Corex Announces Equity Financing by Alamos Gold Inc.” and published on October 11, 2016 is yet another important article.

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