Alamos Gold Inc (AGI) Receives Consensus Recommendation of “Buy” from Brokerages
Alamos Gold Inc (TSE:AGI) (NYSE:AGI) has been assigned a consensus rating of “Buy” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$13.03.
Several equities analysts have recently weighed in on the stock. National Bank Financial reiterated an “outperform market weight” rating on shares of Alamos Gold in a report on Sunday, July 23rd. Raymond James Financial, Inc. upped their price objective on shares of Alamos Gold from C$12.00 to C$12.50 and gave the company an “outperform” rating in a report on Thursday, September 14th. Finally, TD Securities upped their price objective on shares of Alamos Gold from C$12.50 to C$13.50 and gave the company a “buy” rating in a report on Friday, August 4th.
Alamos Gold (AGI) opened at 8.85 on Wednesday. The firm’s 50-day moving average price is $9.15 and its 200-day moving average price is $9.36. The company’s market cap is $2.66 billion. Alamos Gold has a 12-month low of $7.86 and a 12-month high of $11.86.
The company also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th will be given a $0.01 dividend. This represents a yield of 0.12%. The ex-dividend date is Friday, October 13th.
In other news, insider James Porter acquired 10,000 shares of Alamos Gold stock in a transaction on Wednesday, September 13th. The stock was acquired at an average cost of C$8.91 per share, with a total value of C$89,100.00. Also, insider Colin Webster sold 15,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of C$10.02, for a total transaction of C$150,300.00.
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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