Alamos Gold Inc (AGI) Price Target Raised to C$12.50
Alamos Gold Inc (TSE:AGI) (NYSE:AGI) had its target price lifted by investment analysts at Raymond James Financial, Inc. from C$12.00 to C$12.50 in a research note issued on Thursday. The firm presently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s target price would indicate a potential upside of 36.76% from the stock’s previous close.
A number of other research analysts also recently commented on the stock. TD Securities increased their price objective on shares of Alamos Gold from C$12.50 to C$13.50 and gave the company a “buy” rating in a research note on Friday, August 4th. National Bank Financial reiterated an “outperform market weight” rating on shares of Alamos Gold in a research note on Sunday, July 23rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$12.86.
Shares of Alamos Gold (TSE AGI) traded up 1.67% during midday trading on Thursday, hitting $9.14. 1,063,555 shares of the stock were exchanged. Alamos Gold has a 12-month low of $7.86 and a 12-month high of $11.86. The firm has a 50 day moving average of $9.66 and a 200 day moving average of $9.58. The firm’s market cap is $2.75 billion.
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In other Alamos Gold news, insider James Porter bought 10,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were bought at an average cost of C$8.91 per share, with a total value of C$89,100.00. Also, insider Colin Webster sold 15,000 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of C$10.02, for a total transaction of C$150,300.00.
Alamos Gold Company Profile
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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