Alamos Gold Upgraded to “Buy” at TD Securities (AGI)
Alamos Gold (TSE:AGI) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, Analyst Ratings News reports. The firm currently has a C$14.00 price target on the stock. TD Securities’ price objective would indicate a potential upside of 26.70% from the company’s current price.
Shares of Alamos Gold (TSE:AGI) traded up 0.09% on Friday, hitting $11.06. 564,392 shares of the company’s stock traded hands. Alamos Gold has a 1-year low of $9.84 and a 1-year high of $17.86. The stock has a 50-day moving average of $11.40 and a 200-day moving average of $14.10. The company has a market cap of $1.412 billion and a price-to-earnings ratio of 16.49.
A number of other analysts have also recently weighed in on AGI. Analysts at CIBC cut their price target on shares of Alamos Gold from C$15.00 to C$12.50 in a research note on Friday. They now have a “sector perform” rating on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Alamos Gold from C$16.00 to C$14.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at Haywood Securities cut their price target on shares of Alamos Gold from C$16.00 to C$11.50 in a research note on Wednesday, January 29th. They now have a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$14.85.
Alamos Gold Inc is engaged in the acquisition, exploration, development and extraction of precious metals in Mexico and Turkey.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.