Alamos Gold’s “Outperform” Rating Reaffirmed at RBC Capital (AGI)
Alamos Gold (TSE:AGI)‘s stock had its “outperform” rating restated by equities research analysts at RBC Capital in a research note issued to investors on Tuesday, AnalystRatingsNetwork reports. They currently have a C$18.00 price objective on the stock. RBC Capital’s target price points to a potential upside of 16.58% from the stock’s previous close.
Alamos Gold (TSE:AGI) traded down 7.04% on Tuesday, hitting $15.44. The stock had a trading volume of 942,818 shares. Alamos Gold has a 52 week low of $10.40 and a 52 week 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 $1.972 billion and a price-to-earnings ratio of 20.76.
A number of other analysts have also recently weighed in on AGI. 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. Separately, 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. Finally, analysts at Canaccord Genuity raised their price target on shares of Alamos Gold from C$15.50 to C$16.00 in a research note to investors on Tuesday, August 13th. They now have a “hold” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Alamos Gold currently has an average rating of “Hold” and a consensus price target of C$17.86.
Alamos Gold Inc is engaged in the acquisition, exploration, development and extraction of precious metals in Mexico and Turkey.
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