Alamos Gold Inc (USA) (AGI) is Upgraded by Desjardins to Buy

Alamos Gold Inc (USA) (AGI) was Upgraded by Desjardins to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Desjardins advised their investors in a research report released on Aug 11, 2016.

Many Wall Street Analysts have commented on Alamos Gold Inc (USA). Alamos Gold Inc (USA) was Resumed by BofA/Merrill to “Buy” on Jul 12, 2016. Alamos Gold Inc (USA) was Upgraded by Credit Suisse to ” Outperform” on Jun 30, 2016. Alamos Gold Inc (USA) was Upgraded by Raymond James to ” Outperform” on Jun 27, 2016.

On the company’s financial health, Alamos Gold Inc (USA) reported $-0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 10, 2016. Analyst had a consensus of $0.00. The company had revenue of $120.10 million for the quarter, compared to analysts expectations of $121.89 million. The company’s revenue was up 68.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.11 EPS.

Alamos Gold Inc (USA) opened for trading at $8.85 and hit $9.11 on the upside on Monday, eventually ending the session at $9.03, with a gain of 1.57% or 0.14 points. The heightened volatility saw the trading volume jump to 9,14,838 shares. Company has a market cap of $2,391 M.

Alamos Gold Inc. is a Canada-based mid-tier gold producer. The Company is engaged in the acquisition exploration development and extraction of precious metals. It is engaged in the exploration and development activities in Mexico Turkey and the United States. It owns and operates the Mulatos mine in Mexico and holds the mineral rights to the Salamandra group of concessions in the State of Sonora Mexico which includes several satellite gold occurrences. It also owns the Agi Dagi Kirazli and Camyurt gold development projects in Turkey. Agi Dagi and Kirazli gold development projects are located in Canakkale Province Turkey. The Camyurt project is located three kilometres southeast of the Agi Dagi project. The Company owns the Esperanza Gold Project which is a development stage asset located in south-central Mexico in the state of Morelos. It owns a 100% interest in the Quartz Mountain Property which is located in south-central Oregon. It operates through Carlisle Goldfields Ltd.

Alamos Gold Inc (USA)

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