Mackie Boosts Alamos Gold Inc (AGI) Price Target to C$11.50
Alamos Gold Inc (TSE:AGI) had its price objective increased by analysts at Mackie from C$11.25 to C$11.50 in a research report issued on Wednesday. The brokerage presently has a “hold” rating on the stock. Mackie’s price objective suggests a potential upside of 10.79% from the company’s previous close.
AGI has been the topic of several other reports. Desjardins cut Alamos Gold from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Thursday, August 11th. Canaccord Genuity decreased their price objective on Alamos Gold from C$14.00 to C$12.50 and set a “hold” rating on the stock in a report on Thursday, August 11th. CIBC upped their price objective on Alamos Gold from C$6.00 to C$7.00 in a report on Friday, June 24th. Finally, TD Securities upped their price objective on Alamos Gold from C$10.00 to C$11.50 and gave the stock a “hold” rating in a report on Thursday, August 11th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$9.54.
Shares of Alamos Gold (TSE:AGI) traded up 3.28% during mid-day trading on Wednesday, reaching $10.72. The company had a trading volume of 278,047 shares. The firm has a 50-day moving average price of $10.93 and a 200-day moving average price of $9.59. Alamos Gold has a 1-year low of $3.27 and a 1-year high of $13.65. The stock’s market capitalization is $2.86 billion.
In other Alamos Gold news, insider Peter Macphail sold 22,000 shares of the company’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of C$12.68, for a total value of C$278,960.00.
About Alamos Gold
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company is engaged in the acquisition, exploration, development and extraction of precious metals. It is engaged in the exploration and development activities in Mexico, Turkey and the United States. It owns and operates the Mulatos mine in Mexico and holds the mineral rights to the Salamandra group of concessions in the State of Sonora, Mexico, which includes several satellite gold occurrences.
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