Alamos Gold (AGI) Trading 5.9% Higher
Shares of Alamos Gold Inc (TSE:AGI) (NYSE:AGI) traded up 5.9% during trading on Wednesday . The company traded as high as C$7.21 and last traded at C$7.19. 610,959 shares were traded during 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 issued reports on AGI. Laurentian set a C$9.50 target price on shares of Alamos Gold and gave the stock a “buy” rating in a research note on Monday, February 5th. Canaccord Genuity upped their target price on shares of Alamos Gold from C$13.00 to C$13.50 in a research note on Friday, January 19th. Scotiabank reduced their target price 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. BMO Capital Markets reiterated an “outperform” rating and issued a C$11.50 target price on shares of Alamos Gold in a research note on Friday, December 15th. Finally, CIBC reduced their target price on shares of Alamos Gold from C$13.50 to C$12.00 in a research note on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Alamos Gold presently has a consensus rating of “Buy” and a consensus target price of C$12.11.
The company has a market cap 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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