Brokerages Set Alamos Gold Inc (AGI) Price Target at $12.78
Alamos Gold Inc (TSE:AGI) (NYSE:AGI) has earned a consensus rating of “Buy” from the nine analysts that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$12.78.
Several equities analysts have recently weighed in on AGI shares. TD Securities raised shares of Alamos Gold from a “hold” rating to a “buy” rating and set a C$12.50 target price for the company in a report on Friday, May 5th. Desjardins lifted their target price on shares of Alamos Gold from C$13.25 to C$13.50 in a report on Thursday, March 9th. CIBC lifted their target price on shares of Alamos Gold from C$13.00 to C$13.50 in a report on Friday, February 24th. Canaccord Genuity lifted their price target on shares of Alamos Gold from C$12.50 to C$14.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd. Finally, Scotiabank reissued a “sector perform” rating and issued a C$11.00 price target on shares of Alamos Gold in a research note on Thursday, February 23rd.
Shares of Alamos Gold (TSE AGI) traded down 1.66% during mid-day trading on Tuesday, reaching $9.46. 685,568 shares of the company traded hands. The firm has a 50-day moving average price of $9.17 and a 200 day moving average price of $9.79. The firm’s market capitalization is $2.83 billion. Alamos Gold has a 52 week low of $7.86 and a 52 week high of $13.65.
In other news, insider James Porter sold 20,000 shares of Alamos Gold stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of C$11.13, for a total transaction of C$222,600.00. Also, insider Peter Macphail sold 32,341 shares of Alamos Gold stock in a transaction on Friday, March 17th. The stock was sold at an average price of C$10.60, for a total value of C$342,814.60. In the last ninety days, insiders have sold 117,341 shares of company stock worth $1,282,415.
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Alamos Gold Company Profile
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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