Alamos Gold (AGI) Price Target Raised to C$13.50 at Canaccord Genuity
Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective upped by Canaccord Genuity from C$13.00 to C$13.50 in a research report issued to clients and investors on Friday. Canaccord Genuity’s price target would indicate a potential upside of 78.10% from the stock’s previous close.
A number of other equities analysts have also commented on AGI. CIBC cut their price target on shares of Alamos Gold from C$13.50 to C$12.00 in a report on Thursday, December 14th. BMO Capital Markets cut their price target on shares of Alamos Gold from C$14.00 to C$11.50 in a report on Friday, November 24th. Desjardins reiterated a “hold” rating on shares of Alamos Gold in a report on Monday, December 11th. Raymond James Financial cut their price target on shares of Alamos Gold from C$12.50 to C$12.00 in a report on Monday, October 23rd. Finally, Scotiabank cut their price target on shares of Alamos Gold to C$11.50 and set a “sector perform” rating on the stock in a report on Monday, December 18th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$12.44.
Shares of Alamos Gold (TSE AGI) opened at C$7.58 on Friday. Alamos Gold has a 52-week low of C$7.32 and a 52-week high of C$11.83. The firm has a market cap of $2,950.00 and a P/E ratio of 252.67.
In other news, Director John Mccluskey bought 5,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was acquired at an average price of C$7.92 per share, with a total value of C$39,600.00. Insiders have purchased 15,000 shares of company stock valued at $120,370 in the last three months.
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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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