Alamos Gold Inc (TSE:AGI) had its price target increased by analysts at Mackie from C$11.25 to C$11.50 in a report released on Wednesday. The brokerage currently has a “hold” rating on the stock. Mackie’s target price indicates a potential upside of 10.79% from the company’s previous close.
Several other equities research analysts also recently commented on AGI. National Bank Financial raised shares of Alamos Gold from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Sunday, June 26th. Desjardins downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. CIBC upped their price objective on shares of Alamos Gold from C$12.50 to C$13.50 in a report on Tuesday, September 13th. TD Securities increased their price target on shares of Alamos Gold from C$10.00 to C$11.50 and gave the stock a “hold” rating in a report on Thursday, August 11th. Finally, Canaccord Genuity lowered their price target on shares of Alamos Gold from C$14.00 to C$12.50 and set a “hold” rating on the stock in a report on Thursday, August 11th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Alamos Gold has a consensus rating of “Buy” and an average price target of C$9.54.
Alamos Gold (TSE:AGI) traded up 3.28% during midday trading on Wednesday, reaching $10.72. 278,047 shares of the company’s stock were exchanged. Alamos Gold has a 12 month low of $3.27 and a 12 month high of $13.65. The stock’s market cap is $2.86 billion. The firm has a 50 day moving average of $10.93 and a 200-day moving average of $9.59.
In other Alamos Gold news, insider Peter Macphail sold 22,000 shares of the stock in a transaction that occurred on Wednesday, July 6th. The shares were 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.
Receive News & Ratings for Alamos Gold Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamos Gold Inc and related companies with our FREE daily email newsletter.
