Alamos Gold (AGI) Reaches New 12-Month Low at $6.23

Alamos Gold Inc (TSE:AGI) (NYSE:AGI) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$6.23 and last traded at C$6.31, with a volume of 1108447 shares trading hands. The stock had previously closed at C$6.78.

AGI has been the subject of a number of analyst reports. Scotiabank reduced their price objective on shares of Alamos Gold to C$11.50 and set a “sector perform” rating for the company in a research note on Monday, December 18th. Canaccord Genuity raised their price objective on shares of Alamos Gold from C$13.00 to C$13.50 in a research note on Friday, January 19th. CIBC reduced their price objective on shares of Alamos Gold from C$13.50 to C$12.00 in a research note on Thursday, December 14th. Desjardins restated a “hold” rating on shares of Alamos Gold in a research note on Monday, December 11th. Finally, BMO Capital Markets reduced their price objective on shares of Alamos Gold from C$14.00 to C$11.50 in a research note on Friday, November 24th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$12.13.

The firm has a market capitalization of $2,470.00 and a P/E ratio of 211.00.

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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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