Alamos Gold Inc (AGI) Receives Average Recommendation of “Buy” from Brokerages
Shares of Alamos Gold Inc (TSE:AGI) (NYSE:AGI) have been given a consensus recommendation of “Buy” by the nine research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$13.03.
Several research firms have recently weighed in on AGI. TD Securities lifted 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. Raymond James Financial, Inc. lifted their price objective on shares of Alamos Gold from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research note on Thursday, September 14th. Finally, National Bank Financial reiterated an “outperform market weight” rating on shares of Alamos Gold in a research note on Sunday, July 23rd.
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In other Alamos Gold news, insider Colin Webster sold 15,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of C$10.02, for a total transaction of C$150,300.00. Also, insider James Porter purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were acquired at an average price of C$8.91 per share, with a total value of C$89,100.00.
Shares of Alamos Gold (TSE:AGI) traded up 0.90% during midday trading on Wednesday, reaching $8.92. 533,845 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $9.22 and a 200-day moving average price of $9.41. Alamos Gold has a 52-week low of $7.86 and a 52-week high of $11.86. The stock’s market cap is $2.68 billion.
The firm also recently declared a Semi-Annual dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, October 13th. This represents a yield of 0.12%.
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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