Laurentian Analysts Give Alamos Gold (AGI) a C$9.50 Price Target

Alamos Gold (TSE:AGI) (NYSE:AGI) received a C$9.50 price target from equities research analysts at Laurentian in a research note issued on Monday. The brokerage currently has a “buy” rating on the stock. Laurentian’s price objective would indicate a potential upside of 33.61% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Canaccord Genuity increased their price objective on shares of Alamos Gold from C$13.00 to C$13.50 in a report on Friday, January 19th. BMO Capital Markets dropped their price objective on shares of Alamos Gold from C$14.00 to C$11.50 in a report on Friday, November 24th. Raymond James Financial dropped their price objective on shares of Alamos Gold from C$12.50 to C$12.00 in a report on Monday, October 23rd. CIBC lowered their price target on shares of Alamos Gold from C$13.50 to C$12.00 in a report on Thursday, December 14th. Finally, Desjardins reaffirmed a “hold” rating on shares of Alamos Gold in a report on Monday, December 11th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Alamos Gold has a consensus rating of “Buy” and a consensus target price of C$12.11.

Alamos Gold (TSE:AGI) traded up C$0.05 on Monday, hitting C$7.11. 969,532 shares of the company’s stock traded hands, compared to its average volume of 983,407. Alamos Gold has a twelve month low of C$7.02 and a twelve month high of C$11.83. The company has a market cap of $2,840.00 and a P/E ratio of 237.33.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings data on Thursday, November 2nd. The company reported C$0.06 EPS for the quarter, beating the consensus estimate of C$0.03 by C$0.03. Alamos Gold had a net margin of 22.36% and a return on equity of 5.68%. The business had revenue of C$161.56 million during the quarter.

In other Alamos Gold news, Director John Mccluskey purchased 5,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of C$7.92 per share, with a total value of C$39,600.00. In the last ninety days, insiders purchased 8,000 shares of company stock valued at $63,360.

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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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