Alamos Gold Inc (AGI) Receives Average Rating of “Buy” from Brokerages
Alamos Gold Inc (TSE:AGI) (NYSE:AGI) has been given an average recommendation of “Buy” by the nine analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$12.97.
A number of analysts have recently commented on AGI shares. TD Securities boosted their target price on shares of 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. Raymond James Financial, Inc. dropped their price objective on shares of Alamos Gold from C$12.50 to C$12.00 in a research note on Monday, October 23rd. Finally, National Bank Financial reaffirmed an “outperform market weight” rating on shares of Alamos Gold in a research note on Sunday, July 23rd.
Shares of Alamos Gold (TSE:AGI) opened at C$8.14 on Monday. Alamos Gold has a one year low of C$7.86 and a one year high of C$11.83.
The company also recently declared a Semi-Annual dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, October 13th. This represents a dividend yield of 0.12%.
In other news, insider Colin Webster sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of C$10.02, for a total value of C$150,300.00. Also, insider James Porter purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was purchased at an average cost of C$8.91 per share, with a total value of C$89,100.00.
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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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