Credit Suisse Reinstates Alamos Gold Inc (USA) to Outperform

Brokerage firm Credit Suisse Reinstates its rating on Alamos Gold Inc (USA)(NYSE:AGI). The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by Credit Suisse was issued on Jun 30, 2016.

In a different note, On Jun 27, 2016, Raymond James said it Upgrades its rating on Alamos Gold Inc (USA). The shares have been rated ‘Outperform’ by the firm. On May 3, 2016, Canaccord Genuity said it Downgrades its rating on Alamos Gold Inc (USA). The shares have been rated ‘Hold’ by the firm. On Apr 20, 2016, Raymond James said it Downgrades its rating on Alamos Gold Inc (USA). The shares have been rated ‘Market Perform’ by the firm.

Alamos Gold Inc (USA) (AGI) made into the market gainers list on Tuesdays trading session with the shares advancing 3.14% or 0.29 points. Due to strong positive momentum, the stock ended at $9.53, which is also near the day’s high of $9.56. The stock began the session at $9.41 and the volume stood at 28,91,003 shares. The 52-week high of the shares is $9.56 and the 52 week low is $2.27. The company has a current market capitalization of $2,524 M and it has 26,48,11,000 shares in outstanding.

Alamos Gold Inc (USA)(AGI) last announced its earnings results on May 12, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $104.30M. Analysts had an estimated revenue of $113.08M. Earnings per share were $-0.04. Analysts had estimated an EPS of $-0.03.

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.

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