Shares of Alamos Gold Inc (TSE:AGI) (NYSE:AGI) have been given an average rating of “Buy” by the nine brokerages that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$12.91.
AGI has been the subject of several research reports. TD Securities raised shares of Alamos Gold from a “hold” rating to a “buy” rating and set a C$12.50 price target for the company in a research report on Friday, May 5th. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Alamos Gold in a research report on Sunday, July 23rd.
In other news, insider James Porter acquired 4,410 shares of Alamos Gold stock in a transaction that occurred on Wednesday, May 24th. The stock was purchased at an average price of C$8.31 per share, for a total transaction of C$36,647.10.
Shares of Alamos Gold (TSE AGI) remained flat at $9.66 during trading on Friday. 908,672 shares of the company traded hands. The company has a 50 day moving average of $8.98 and a 200-day moving average of $9.79. Alamos Gold has a one year low of $7.86 and a one year high of $12.29. The firm’s market capitalization is $2.89 billion.
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About Alamos Gold
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.
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