Raymond James Financial, Inc. Increases Alamos Gold Inc (AGI) Price Target to C$12.50

Alamos Gold Inc (TSE:AGI) (NYSE:AGI) had its price target lifted by stock analysts at Raymond James Financial, Inc. from C$12.00 to C$12.50 in a research report issued on Thursday. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s target price would suggest a potential upside of 38.27% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. TD Securities boosted their target price on shares of Alamos Gold from C$12.50 to C$13.50 and gave the stock a “buy” rating in a research report on Friday, August 4th. National Bank Financial restated an “outperform market weight” rating on shares of Alamos Gold in a research report on Sunday, July 23rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Alamos Gold has an average rating of “Buy” and an average target price of C$12.86.

Alamos Gold (TSE:AGI) opened at 9.04 on Thursday. The firm’s 50-day moving average is $9.68 and its 200 day moving average is $9.57. Alamos Gold has a 12-month low of $7.86 and a 12-month high of $11.86. The stock’s market capitalization is $2.72 billion.

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In other Alamos Gold news, insider James Porter acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were acquired at an average cost of C$8.91 per share, for a total transaction of C$89,100.00. Also, insider Colin Webster sold 15,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of C$10.02, for a total transaction of C$150,300.00.

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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