Alamos Gold Inc (AGI) Price Target Increased to C$11.50 by Analysts at Mackie
Other analysts have also issued reports about the stock. National Bank Financial upgraded shares of Alamos Gold from a sector perform market weight rating to an outperform market weight rating in a research note on Sunday, June 26th. Canaccord Genuity cut their target price on shares of Alamos Gold from C$14.00 to C$9.50 in a research note on Tuesday, July 12th. Desjardins lowered shares of Alamos Gold from a buy rating to a hold rating in a research note on Wednesday, July 13th. TD Securities increased their price target on shares of Alamos Gold from C$10.00 to C$11.50 and gave the company a hold rating in a research note on Thursday, August 11th. Finally, CIBC increased their price target on shares of Alamos Gold from C$6.00 to C$7.00 in a research note on Friday, June 24th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of C$9.54.
Alamos Gold (TSE:AGI) opened at 11.35 on Wednesday. The company has a 50 day moving average of $10.90 and a 200 day moving average of $9.61. The firm’s market capitalization is $3.03 billion. Alamos Gold has a 1-year low of $3.27 and a 1-year high of $13.65.
In related news, insider Peter Macphail sold 22,000 shares of the stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of C$12.68, for a total transaction of C$278,960.00.
Alamos Gold Company Profile
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.
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