Alamos Gold (AGI) Stock Rating Reaffirmed by BMO Capital Markets
Alamos Gold (TSE:AGI) (NYSE:AGI)‘s stock had its “outperform” rating restated by BMO Capital Markets in a research note issued to investors on Friday. They currently have a C$11.50 price objective on the stock. BMO Capital Markets’ target price would indicate a potential upside of 46.68% from the company’s current price.
Several other research firms have also issued reports on AGI. Raymond James Financial lifted their target price on 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. Desjardins reiterated a “hold” rating on shares of Alamos Gold in a research note on Monday. Finally, CIBC cut their target price on Alamos Gold from C$13.50 to C$12.00 in a research note on Thursday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$12.44.
Alamos Gold (TSE AGI) traded up C$0.01 on Friday, reaching C$7.84. The company’s stock had a trading volume of 5,834,395 shares, compared to its average volume of 916,426. Alamos Gold has a 52 week low of C$7.53 and a 52 week high of C$11.83.
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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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