Alamos Gold Downgraded by Scotiabank to Sector Perform (AGI)
Alamos Gold (TSE:AGI) was downgraded by equities researchers at Scotiabank to a “sector perform” rating in a research report issued on Friday, Stock Ratings Network reports.
Alamos Gold (TSE:AGI) traded down 3.01% on Friday, hitting $10.00. The stock had a trading volume of 1,043,588 shares. Alamos Gold has a 52 week low of $10.30 and a 52 week high of $17.86. The stock has a 50-day moving average of $12.49 and a 200-day moving average of $14.62. The company has a market cap of $1.277 billion and a P/E ratio of 15.39.
A number of other analysts have also recently weighed in on AGI. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Alamos Gold in a research note to investors on Monday. They now have a C$16.00 price target on the stock, down previously from C$20.00. Separately, analysts at BMO Capital Markets cut their price target on shares of Alamos Gold from C$18.25 to C$16.00 in a research note to investors on Friday, January 17th. They now have an “outperform” rating on the stock. Finally, analysts at Mackie cut their price target on shares of Alamos Gold from C$12.75 to C$12.00 in a research note to investors on Friday, January 17th. They now have a “hold” rating on the stock. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of C$16.32.
Alamos Gold Inc is engaged in the acquisition, exploration, development and extraction of precious metals in Mexico and Turkey.
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