Alamos Gold Inc (AGI) Given Consensus Rating of “Buy” by Brokerages
Shares of Alamos Gold Inc (TSE:AGI) (NYSE:AGI) have been given a consensus rating of “Buy” by the ten ratings firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$12.86.
AGI has been the subject of several recent analyst reports. Raymond James Financial, Inc. upped their target price on Alamos Gold from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research note on Thursday. TD Securities upped their target price on Alamos Gold from C$12.50 to C$13.50 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, National Bank Financial restated an “outperform market weight” rating on shares of Alamos Gold in a research note on Sunday, July 23rd.
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Alamos Gold (TSE:AGI) traded down 1.09% during midday trading on Friday, reaching $9.04. The company had a trading volume of 1,043,313 shares. The firm has a 50-day moving average of $9.68 and a 200-day moving average of $9.57. Alamos Gold has a 12 month low of $7.86 and a 12 month high of $11.86. The stock’s market cap is $2.72 billion.
In related news, insider James Porter acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was 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 stock in a transaction on Thursday, August 10th. The shares were sold at an average price of C$10.02, for a total value 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.
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