Alamos Gold Receives Consensus Rating of “Buy” from Analysts (TSE:AGI)
Shares of Alamos Gold (TSE:AGI) have been given an average recommendation of “Buy” by the sixteen ratings firms that are presently covering the stock, American Banking & Market News reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$13.67.
A number of analysts have recently weighed in on AGI shares. Analysts at Scotiabank upgraded shares of Alamos Gold to a “sector perform” rating in a research note on Monday, August 4th. Separately, analysts at Desjardins cut their price target on shares of Alamos Gold from C$13.00 to C$11.75 in a research note on Friday, August 1st. Finally, analysts at Cowen and Company cut their price target on shares of Alamos Gold from C$15.77 to C$15.60 in a research note on Friday, August 1st. They now have an “outperform” rating on the stock.
Alamos Gold (TSE:AGI) traded down 3.11% on Thursday, hitting $9.97. The stock had a trading volume of 75,361 shares. Alamos Gold has a 52-week low of $8.70 and a 52-week high of $17.86. The stock’s 50-day moving average is $10.45 and its 200-day moving average is $10.34. The company has a market cap of $1.270 billion and a P/E ratio of 160.78.
Alamos Gold (TSE:AGI) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. On average, analysts predict that Alamos Gold will post $0.09 earnings per share for the current fiscal year.
Alamos Gold Inc is engaged in the acquisition, exploration, development and extraction of precious metals in Mexico and Turkey.
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