Shares of Alamos Gold Inc (TSE:AGI) (NYSE:AGI) have been assigned an average recommendation of “Buy” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$12.36.
Several equities research analysts recently issued reports on AGI shares. Raymond James Financial raised their target price on shares of Alamos Gold from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Thursday, September 14th. BMO Capital Markets decreased their target price on shares of Alamos Gold from C$14.00 to C$11.50 in a research report on Friday, November 24th. Desjardins restated a “hold” rating on shares of Alamos Gold in a report on Monday, December 11th. CIBC cut their price target on shares of Alamos Gold from C$13.50 to C$12.00 in a report on Thursday, December 14th. Finally, Scotiabank cut their price target on shares of Alamos Gold to C$11.50 and set a “sector perform” rating on the stock in a report on Monday, December 18th.
Shares of Alamos Gold (AGI) opened at C$8.43 on Tuesday. Alamos Gold has a 12-month low of C$7.53 and a 12-month high of C$11.83. The stock has a market cap of $2,530.00 and a P/E ratio of 281.00.
In other news, Director John Mccluskey acquired 5,000 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were bought at an average price of C$7.92 per share, for a total transaction of C$39,600.00. Insiders purchased 15,000 shares of company stock worth $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.
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