Alamos Gold (AGI) Trading Down 1.8%

Shares of Alamos Gold Inc (TSE:AGI) (NYSE:AGI) were down 1.8% on Thursday . The company traded as low as C$7.84 and last traded at C$7.94. Approximately 1,020,700 shares were traded during trading, an increase of 19% from the average daily volume of 859,740 shares. The stock had previously closed at C$7.80.

AGI has been the topic of a number of research reports. BMO Capital Markets restated an “outperform” rating and set a C$11.50 target price on shares of Alamos Gold in a research report on Friday, December 15th. Scotiabank lowered their target price on shares of Alamos Gold to C$11.50 and set a “sector perform” rating on the stock in a research report on Monday, December 18th. Raymond James Financial lowered their target price on shares of Alamos Gold from C$12.50 to C$12.00 in a research report on Monday, October 23rd. Desjardins restated a “hold” rating on shares of Alamos Gold in a research report on Monday, December 11th. Finally, CIBC lowered their target price on shares of Alamos Gold from C$13.50 to C$12.00 in a research report on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Alamos Gold has a consensus rating of “Buy” and a consensus target price of C$12.50.

The firm has a market capitalization of $3,120.00 and a PE ratio of 264.67.

In other news, Director John Mccluskey acquired 5,000 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average cost of C$7.92 per share, for a total transaction of C$39,600.00. Over the last quarter, insiders purchased 15,000 shares of company stock worth $120,370.

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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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