Alamos Gold PT Raised to C$20.00 (AGI)
Equities researchers at Canaccord Genuity upped their price objective on shares of Alamos Gold (TSE:AGI) from C$16.00 to C$20.00 in a research report issued on Thursday, Analyst Ratings.Net reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price objective suggests a potential upside of 29.53% from the stock’s previous close.
A number of other firms have also recently commented on AGI. Analysts at RBC Capital reiterated an “outperform” rating on shares of Alamos Gold in a research note to investors on Tuesday. They now have a C$18.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Alamos Gold from C$14.00 to C$16.50 in a research note to investors on Tuesday, October 8th. They now have a “neutral” rating on the stock. Finally, analysts at Bank of America Corp. initiated coverage on shares of Alamos Gold in a research note to investors on Thursday, August 29th. They set a “buy” rating on the stock. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of C$17.86.
Alamos Gold (TSE:AGI) traded down 7.04% on Thursday, hitting $15.44. The stock had a trading volume of 942,818 shares. Alamos Gold has a one year low of $10.40 and a one year high of $19.94. The stock has a 50-day moving average of $15.99 and a 200-day moving average of $14.82. The company has a market cap of $1.966 billion and a price-to-earnings ratio of 20.92.
Alamos Gold Inc is engaged in the acquisition, exploration, development and extraction of precious metals in Mexico and Turkey.
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