Alamos Gold Inc (AGI) Shares Down 15%
Alamos Gold Inc (TSE:AGI) (NYSE:AGI) shares fell 15% during mid-day trading on Monday . The company traded as low as C$8.61 and last traded at C$8.71. 4,031,878 shares changed hands during trading, an increase of 586% from the average session volume of 587,818 shares. The stock had previously closed at C$10.25.
A number of brokerages have commented on AGI. National Bank Financial restated an “outperform market weight” rating on shares of Alamos Gold in a research note on Sunday, July 23rd. TD Securities boosted their price target on shares of Alamos Gold from C$12.50 to C$13.50 and gave the company a “buy” rating in a research note on Friday, August 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Alamos Gold has an average rating of “Buy” and an average target price of C$12.91.
The stock has a 50 day moving average of $9.63 and a 200-day moving average of $9.59. The stock’s market capitalization is $2.65 billion.
In other Alamos Gold news, insider Colin Webster sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of C$10.02, for a total value of C$150,300.00.
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About Alamos Gold
Alamos Gold Inc is a Canada-based company, which is engaged in the acquisition, exploration, development and extraction of precious metals. The Company’s segments include Young-Davidson, Mulatos, El Chanate and Corporate/other. Its Corporate and other segment consists of exploration and development projects.
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