Alamos Gold Inc (AGI) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Alamos Gold Inc (TSE:AGI) (NYSE:AGI) have been assigned an average rating of “Buy” from the ten research firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$11.94.

A number of equities analysts have recently commented on the stock. Scotiabank reduced their target price on shares of Alamos Gold to C$11.50 and set a “sector perform” rating on the stock in a research report on Monday, December 18th. Canaccord Genuity raised their target price on shares of Alamos Gold from C$13.00 to C$13.50 in a research report on Friday, January 19th. CIBC reduced their target price on shares of Alamos Gold from C$13.50 to C$12.00 in a research report on Thursday, December 14th. Desjardins reaffirmed a “hold” rating on shares of Alamos Gold in a research report on Monday, December 11th. Finally, Raymond James Financial cut their price objective on shares of Alamos Gold from C$12.50 to C$12.00 in a report on Monday, October 23rd.

Alamos Gold (TSE AGI) opened at C$6.79 on Wednesday. The company has a market cap of $2,640.00 and a P/E ratio of 226.33. Alamos Gold has a 1 year low of C$6.33 and a 1 year high of C$11.53.

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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.

Analyst Recommendations for Alamos Gold (TSE:AGI)

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