Alamos Gold Inc (AGI) Given New C$11.50 Price Target at Mackie
Alamos Gold Inc (TSE:AGI) had its target price upped by stock analysts at Mackie from C$11.25 to C$11.50 in a research report issued on Wednesday. The firm presently has a “hold” rating on the stock. Mackie’s price target would indicate a potential upside of 1.32% from the company’s previous close.
AGI has been the subject of several other reports. CIBC upped their price target on shares of Alamos Gold from C$6.00 to C$7.00 in a research report on Friday, June 24th. National Bank Financial upgraded shares of Alamos Gold from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Sunday, June 26th. Canaccord Genuity decreased their price target on shares of Alamos Gold from C$14.00 to C$9.50 in a research report on Tuesday, July 12th. Desjardins cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Finally, TD Securities upped their price target on shares of Alamos Gold from C$10.00 to C$11.50 and gave the company a “hold” rating in a research report on Thursday, August 11th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Alamos Gold has an average rating of “Buy” and an average target price of C$9.54.
Alamos Gold (TSE:AGI) traded up 9.34% during midday trading on Wednesday, reaching $11.35. 878,382 shares of the company traded hands. The company has a 50 day moving average of $10.93 and a 200-day moving average of $9.59. Alamos Gold has a 12-month low of $3.27 and a 12-month high of $13.65. The stock’s market capitalization is $3.03 billion.
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In other Alamos Gold news, insider Peter Macphail sold 22,000 shares of the firm’s stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of C$12.68, for a total value of C$278,960.00.
Alamos Gold Company Profile
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company is engaged in the acquisition, exploration, development and extraction of precious metals. It is engaged in the exploration and development activities in Mexico, Turkey and the United States. It owns and operates the Mulatos mine in Mexico and holds the mineral rights to the Salamandra group of concessions in the State of Sonora, Mexico, which includes several satellite gold occurrences.
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