Alamos Gold (TSE:AGI) PT Raised to C$9.75
Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective lifted by National Bank Financial from C$9.25 to C$9.75 in a report released on Wednesday, BayStreet.CA reports. They currently have a sector perform rating on the stock.
A number of other brokerages have also commented on AGI. BMO Capital Markets boosted their price objective on shares of Alamos Gold from C$11.00 to C$12.00 in a research report on Friday, August 2nd. Raymond James reissued a market perform rating and issued a C$10.00 price objective on shares of Alamos Gold in a research report on Thursday, August 1st. CIBC boosted their price objective on shares of Alamos Gold from C$9.00 to C$10.50 in a research report on Monday, July 15th. Finally, Canaccord Genuity boosted their price objective on shares of Alamos Gold from C$9.50 to C$11.00 in a research report on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of C$10.16.
Shares of AGI stock opened at C$9.29 on Wednesday. The company’s fifty day simple moving average is C$8.69 and its 200-day simple moving average is C$7.08. The company has a quick ratio of 1.82, a current ratio of 2.91 and a debt-to-equity ratio of 0.08. The firm has a market cap of $3.62 billion and a PE ratio of -134.64. Alamos Gold has a 12 month low of C$3.88 and a 12 month high of C$10.12.
Alamos Gold Company Profile
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.
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