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Alamos Gold Inc Cls A's (AGI) Sector Perform Rating Reaffirmed at Scotiabank

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Richmont was bought out by Alamos in a'friendly takeover and there could be more on the way
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15 September, 2017

On the other hand Alamos Gold Inc (NYSE:AGI) has Relative Strength Index (RSI 14) of 41.99 along with Average True Range (ATR 14) of 0.3. (NYSE:AGI) (TSE:AGI) by 220.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -4.5%.

About 382,888 shares traded.

About 1.25 million shares traded. Comerica Bank now owns 15,265 shares of the basic materials company's stock valued at $108,000 after acquiring an additional 234 shares in the last quarter.

Alamos Gold Inc. (AGI) now the company's industry has 12.18 P/E and the sector P/E is 16.43.

Taking a peek at some moving average levels on shares of Alamos Gold Inc (AGI.TO), the 200-day is at 9.67, the 50-day is 9.33, and the 7-day is sitting at 9.47. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Alamos Gold by 115.5% in the first quarter. Sfmg Llc owns 493,986 shares or 0.16% of their USA portfolio. Institutional investors and hedge funds own 63.27% of the company's stock. Presently, the 14-day ADX for Alamos Gold Inc (AGI.TO) is 36.10. (AGI) opened at 7.36 on Thursday. The company has market cap of $2.66 billion. Alamos Gold Inc Cls A has a 12 month low of $5.31 and a 12 month high of $13.65. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). RBC Capital Markets downgraded the shares of AGI in report on Friday, February 10 to "Sector Perform" rating. However the company reported $0.03 earnings per share for the same quarter during previous year. A total number of 1 analysts provided estimations over revenues. Alamos Gold had a negative net margin of 2.61% and a positive return on equity of 0.44%. They expect $0.04 earnings per share, up 100.00% or $0.02 from last year's $0.02 per share.

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Other research analysts have also issued research reports about the company. The firm earned "Buy" rating on Thursday, August 11 by Desjardins Securities. ValuEngine cut shares of Alamos Gold from a "hold" rating to a "sell" rating in a report on Monday. Previously Alamos Gold Inc (NYSE:AGI) reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03 with surprise factor of 300%.

Among 5 analysts covering NovoCure (NASDAQ:NVCR), 3 have Buy rating, 1 Sell and 1 Hold.

Alamos Gold Inc (NYSE:AGI)'s revenue estimates for the current quarter are $136.83 Million according to 1 number of analysts, for the current quarter the company has high revenue estimates of $136.83 Million in contradiction of low revenue estimates of $136.83 Million. The Mulatos mine is located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east central portion of the State of Sonora, Mexico.


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