Alamos Gold (AGI) PT Raised to C$13.50

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price lifted by research analysts at Canaccord Genuity from C$13.00 to C$13.50 in a research note issued on Friday. Canaccord Genuity’s price objective points to a potential upside of 78.10% from the company’s current price.

Several other research firms also recently commented on AGI. Raymond James Financial reduced their price objective on Alamos Gold from C$12.50 to C$12.00 in a report on Monday, October 23rd. BMO Capital Markets reduced their price objective on Alamos Gold from C$14.00 to C$11.50 in a report on Friday, November 24th. Desjardins reaffirmed a “hold” rating on shares of Alamos Gold in a research report on Monday, December 11th. CIBC dropped their target price on Alamos Gold from C$13.50 to C$12.00 in a research report on Thursday, December 14th. Finally, Scotiabank dropped their target price on Alamos Gold to C$11.50 and set a “sector perform” rating on the stock in a research report on Monday, December 18th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of C$12.44.

Shares of Alamos Gold (AGI) traded up C$0.06 during midday trading on Friday, hitting C$7.58. The stock had a trading volume of 490,640 shares, compared to its average volume of 996,448. Alamos Gold has a 12-month low of C$7.32 and a 12-month high of C$11.83. The stock has a market capitalization of $2,950.00 and a P/E ratio of 252.67.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings results on Thursday, November 2nd. The company reported C$0.06 earnings per share for the quarter, topping the consensus estimate of C$0.03 by C$0.03. Alamos Gold had a return on equity of 5.68% and a net margin of 22.36%.

In other news, Director John Mccluskey bought 5,000 shares of Alamos Gold stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average price of C$7.92 per share, for a total transaction of C$39,600.00. Insiders purchased a total of 15,000 shares of company stock valued at $120,370 in the last 90 days.

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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.

Analyst Recommendations for Alamos Gold (TSE:AGI)

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