Raymond James Financial, Inc. Lowers Alamos Gold Inc (AGI) Price Target to C$12.00
Alamos Gold Inc (TSE:AGI) (NYSE:AGI) had its price objective decreased by analysts at Raymond James Financial, Inc. from C$12.50 to C$12.00 in a research report issued on Monday. Raymond James Financial, Inc.’s price objective suggests a potential upside of 36.52% from the company’s current price.
Several other brokerages also recently weighed in on AGI. TD Securities boosted their target price on Alamos Gold from C$12.50 to C$13.50 and gave the stock a “buy” rating in a research note on Friday, August 4th. National Bank Financial restated an “outperform market weight” rating on shares of Alamos Gold in a research note on Sunday, July 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$12.97.
Alamos Gold (TSE:AGI) traded down 2.22% during midday trading on Monday, hitting $8.79. The company had a trading volume of 471,449 shares. The stock has a 50 day moving average price of $8.99 and a 200-day moving average price of $9.32. The stock’s market capitalization is $2.64 billion. Alamos Gold has a 52 week low of $7.86 and a 52 week high of $11.86.
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In related news, insider James Porter bought 10,000 shares of the stock in a transaction dated Wednesday, September 13th. The shares were purchased at an average price of C$8.91 per share, for a total transaction of C$89,100.00. Also, insider Colin Webster sold 15,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of C$10.02, for a total value of C$150,300.00.
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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