Alamos Gold Inc (AGI) PT Raised to C$13.50
Alamos Gold Inc (TSE:AGI) (NYSE:AGI) had its target price increased by stock analysts at TD Securities from C$12.50 to C$13.50 in a research note issued on Friday. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 39.75% from the company’s previous close.
Separately, National Bank Financial reaffirmed an “outperform market weight” rating on shares of Alamos Gold in a research report on Sunday, July 23rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$12.91.
Shares of Alamos Gold (AGI) remained flat at $9.66 during midday trading on Friday. The company had a trading volume of 908,672 shares. Alamos Gold has a 12-month low of $7.86 and a 12-month high of $12.29. The company’s market cap is $2.89 billion. The company has a 50-day moving average price of $8.98 and a 200 day moving average price of $9.79.
In other news, insider James Porter bought 4,410 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were bought at an average price of C$8.31 per share, with a total value of C$36,647.10.
Alamos Gold Company Profile
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.
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