Alamos Gold Upgraded to Outperform at RBC Capital (AGI)
Alamos Gold (TSE:AGI) was upgraded by equities researchers at RBC Capital from a “sector perform” rating to an “outperform” rating in a research report issued on Monday, Analyst Ratings Net reports. The firm currently has a C$13.00 price target on the stock, down from their previous price target of C$15.00. RBC Capital’s price objective points to a potential upside of 30.00% from the stock’s previous close.
AGI has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets cut their price target on shares of Alamos Gold from C$16.00 to C$13.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Scotiabank downgraded shares of Alamos Gold to a “sector perform” rating in a research note to investors on Friday. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Alamos Gold in a research note to investors on Monday, January 20th. They now have a C$16.00 price target on the stock, down previously from C$20.00. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$15.59.
Shares of Alamos Gold (TSE:AGI) traded up 0.80% on Monday, hitting $10.08. 254,831 shares of the company’s stock traded hands. Alamos Gold has a 52-week low of $9.84 and a 52-week high of $17.86. The stock has a 50-day moving average of $12.42 and a 200-day moving average of $14.6. The company has a market cap of $1.287 billion and a price-to-earnings ratio of 14.93.
Alamos Gold Inc is engaged in the acquisition, exploration, development and extraction of precious metals in Mexico and Turkey.
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