TD Securities Increases Alamos Gold Inc (AGI) Price Target to C$13.50
Alamos Gold Inc (TSE:AGI) (NYSE:AGI) had its price objective hoisted by equities research analysts at TD Securities from C$12.50 to C$13.50 in a research note issued on Friday. The firm currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 39.75% from the company’s current price.
Separately, National Bank Financial reiterated an “outperform market weight” rating on shares of Alamos Gold in a research note on Sunday, July 23rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Alamos Gold has a consensus rating of “Buy” and an average target price of C$12.91.
Alamos Gold (TSE AGI) opened at 9.66 on Friday. The firm’s market cap is $2.89 billion. Alamos Gold has a one year low of $7.86 and a one year high of $12.29. The firm’s 50-day moving average price is $8.98 and its 200 day moving average price is $9.79.
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In other Alamos Gold news, insider James Porter purchased 4,410 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were acquired at an average price of C$8.31 per share, for a total transaction of C$36,647.10.
About Alamos Gold
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.
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