Alamos Gold Inc (AGI) Receives Consensus Recommendation of “Buy” from Analysts
Alamos Gold Inc (TSE:AGI) (NYSE:AGI) has been given a consensus rating of “Hold” by the nine brokerages that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$12.29.
A number of equities analysts have recently weighed in on AGI shares. BMO Capital Markets reaffirmed an “outperform” rating and set a C$11.50 target price on shares of Alamos Gold in a research report on Friday, December 15th. Raymond James Financial lowered their target price on Alamos Gold from C$12.50 to C$12.00 in a research report on Monday, October 23rd. Desjardins reaffirmed a “hold” rating on shares of Alamos Gold in a research report on Monday, December 11th. CIBC lowered their target price on Alamos Gold from C$13.50 to C$12.00 in a research report on Thursday, December 14th. Finally, Canaccord Genuity upped their target price on Alamos Gold from C$13.00 to C$13.50 in a research report on Friday.
Alamos Gold (AGI) opened at C$7.58 on Friday. The stock has a market capitalization of $2,950.00 and a P/E ratio of 252.67. Alamos Gold has a twelve month low of C$7.32 and a twelve month high of C$11.83.
In related news, Director Paul Murphy purchased 5,000 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average cost of C$8.15 per share, with a total value of C$40,750.00. Insiders purchased a total of 15,000 shares of company stock valued at $120,370 over the last three months.
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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