Alamos Gold (AGI) Shares Up 5.9%

Shares of Alamos Gold Inc (TSE:AGI) (NYSE:AGI) shot up 5.9% on Wednesday . The stock traded as high as C$7.21 and last traded at C$7.19. 610,959 shares were traded during mid-day trading, a decline of 34% from the average session volume of 929,912 shares. The stock had previously closed at C$6.79.

Several research firms have recently weighed in on AGI. Laurentian set a C$9.50 price objective on shares of Alamos Gold and gave the company a “buy” rating in a research note on Monday, February 5th. CIBC lowered their price objective on shares of Alamos Gold from C$13.50 to C$12.00 in a research note on Thursday, December 14th. Canaccord Genuity lifted their price objective on shares of Alamos Gold from C$13.00 to C$13.50 in a research note on Friday, January 19th. BMO Capital Markets lowered their price objective on shares of Alamos Gold from C$14.00 to C$11.50 in a research note on Friday, November 24th. Finally, Desjardins reiterated a “hold” rating on shares of Alamos Gold in a research note on Monday, December 11th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$12.11.

The stock has a market capitalization of $2,640.00 and a P/E ratio of 239.67.

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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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