Alamos Gold Inc (AGI) Receives C$11.69 Consensus Price Target from Brokerages

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Alamos Gold Inc (TSE:AGI) (NYSE:AGI) has received an average rating of “Buy” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$11.69.

A number of research firms have recently commented on AGI. Desjardins raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Thursday, June 7th. Raymond James reduced their target price on shares of Alamos Gold from C$11.50 to C$10.50 and set an “outperform” rating on the stock in a research report on Thursday, May 3rd. Canaccord Genuity boosted their target price on shares of Alamos Gold from C$13.50 to C$14.00 in a research report on Monday, April 23rd. Finally, National Bank Financial reduced their target price on shares of Alamos Gold from C$12.00 to C$11.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd.

Alamos Gold traded up C$0.08, reaching C$7.55, during midday trading on Tuesday, Marketbeat Ratings reports. 158,747 shares of the company’s stock traded hands, compared to its average volume of 845,165. Alamos Gold has a fifty-two week low of C$6.19 and a fifty-two week high of C$10.50.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its earnings results on Tuesday, May 1st. The company reported C$0.04 EPS for the quarter, hitting analysts’ consensus estimates of C$0.04. Alamos Gold had a negative net margin of 2.91% and a negative return on equity of 0.80%. The business had revenue of C$218.82 million for the quarter.

Alamos Gold Company Profile

Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.

Analyst Recommendations for Alamos Gold (TSE:AGI)

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