Alamos Gold Inc (AGI) Given Average Recommendation of “Buy” by Brokerages
Alamos Gold Inc (TSE:AGI) (NYSE:AGI) has been assigned a consensus recommendation of “Hold” from the nine analysts that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$12.29.
Several research firms have recently issued reports on AGI. Canaccord Genuity upped their price objective on Alamos Gold from C$13.00 to C$13.50 in a research note on Friday. Desjardins reaffirmed a “hold” rating on shares of Alamos Gold in a research note on Monday, December 11th. BMO Capital Markets lowered their price objective on Alamos Gold from C$14.00 to C$11.50 in a research note on Friday, November 24th. Scotiabank lowered their price objective on Alamos Gold to C$11.50 and set a “sector perform” rating for the company in a research note on Monday, December 18th. Finally, CIBC lowered their price objective on Alamos Gold from C$13.50 to C$12.00 in a research note on Thursday, December 14th.
In other news, Director John Mccluskey acquired 5,000 shares of the stock in a transaction dated Friday, November 10th. The stock was bought at an average price of C$7.92 per share, with a total value of C$39,600.00. Insiders bought 15,000 shares of company stock valued at $120,370 in the last ninety days.
Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its earnings results on Thursday, November 2nd. The company reported C$0.06 EPS for the quarter, topping the Thomson Reuters’ 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%.
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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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