Alamos Gold Inc (AGI) Receives Consensus Rating of “Buy” from Brokerages
Shares of Alamos Gold Inc (TSE:AGI) (NYSE:AGI) have been assigned a consensus recommendation of “Buy” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$12.78.
A number of analysts recently issued reports on AGI shares. TD Securities upgraded Alamos Gold from a “hold” rating to a “buy” rating and set a C$12.50 price objective on the stock in a research note on Friday, May 5th. Desjardins boosted their price objective on Alamos Gold from C$13.25 to C$13.50 in a research note on Thursday, March 9th.
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In other Alamos Gold news, insider James Porter bought 4,410 shares of the firm’s stock in a transaction on Wednesday, May 24th. The shares were acquired at an average cost of C$8.31 per share, for a total transaction of C$36,647.10. Also, insider Christine Barwell sold 30,000 shares of the company’s stock in a transaction dated Friday, April 7th. The stock was sold at an average price of C$11.00, for a total value of C$330,000.00. Insiders sold a total of 55,000 shares of company stock worth $607,000 over the last 90 days.
Alamos Gold (AGI) traded up 2.45% on Monday, reaching $9.20. The company’s stock had a trading volume of 1,534,219 shares. Alamos Gold has a 12 month low of $7.86 and a 12 month high of $13.65. The firm’s market cap is $2.75 billion. The firm has a 50 day moving average of $9.21 and a 200 day moving average of $9.91.
About Alamos Gold
Alamos Gold Inc is a Canada-based company, which is engaged in the acquisition, exploration, development and extraction of precious metals. The Company’s segments include Young-Davidson, Mulatos, El Chanate and Corporate/other. Its Corporate and other segment consists of exploration and development projects.
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