Worth Watching: Alamos Gold Inc (USA) Increases Again; Strong Momentum for Buyers

Worth Watching: Alamos Gold Inc (USA) Increases Again; Strong Momentum for Buyers

The stock of Alamos Gold Inc (USA) (NYSE:AGI) is a huge mover today! About 1.66M shares traded hands. Alamos Gold Inc (USA) (NYSE:AGI) has risen 55.56% since March 15, 2016 and is uptrending. It has outperformed by 50.07% the S&P500.
The move comes after 8 months positive chart setup for the $2.05 billion company. It was reported on Oct, 18 by Barchart.com. We have $10.52 PT which if reached, will make NYSE:AGI worth $574.00M more.

Analysts await Alamos Gold Inc (USA) (NYSE:AGI) to report earnings on November, 10. They expect $0.03 EPS, up 130.00% or $0.13 from last year’s $-0.1 per share. AGI’s profit will be $7.48 million for 68.50 P/E if the $0.03 EPS becomes a reality. After $-0.01 actual EPS 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. On Wednesday, August 12 the stock rating was upgraded by Scotia Capital to “Sector Outperform”. The stock of Alamos Gold Inc (USA) (NYSE:AGI) earned “Buy” rating by Desjardins Securities on Thursday, August 11. The stock of Alamos Gold Inc (USA) (NYSE:AGI) has “Sector Perform” rating given on Thursday, March 10 by RBC Capital Markets. The stock of Alamos Gold Inc (USA) (NYSE:AGI) has “Hold” rating given on Tuesday, May 3 by Canaccord Genuity. The stock of Alamos Gold Inc (USA) (NYSE:AGI) has “Outperform” rating given on Monday, June 27 by Raymond James. The stock has “Outperform” rating given by National Bank Canada on Friday, May 27. The stock of Alamos Gold Inc (USA) (NYSE:AGI) has “Sector Perform” rating given on Tuesday, August 11 by Howard Weil. IBC upgraded Alamos Gold Inc (USA) (NYSE:AGI) on Wednesday, August 19 to “Sector Outperform” rating. Scotia Capital downgraded the stock to “Sector Perform” rating in Tuesday, March 29 report. The firm earned “Market Perform” rating on Wednesday, April 20 by Raymond James.

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: Fool.com, which released: “Why Alamos Gold Inc. Shares Jumped Nearly 17% in September” on October 11, 2016. Marketwired.com‘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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