Shares of Alamos Gold Inc (TSE:AGI) have earned an average recommendation of “Hold” from the twelve brokerages that are covering the firm. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$9.72.
Several brokerages have commented on AGI. Desjardins downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Thursday, August 11th. Canaccord Genuity lowered their price objective on shares of Alamos Gold from C$14.00 to C$12.50 and set a “hold” rating for the company in a research report on Thursday, August 11th. Mackie increased their price objective on shares of Alamos Gold from C$11.25 to C$11.50 and gave the stock a “hold” rating in a research report on Wednesday, September 21st. Finally, CIBC increased their price objective on shares of Alamos Gold from C$6.00 to C$7.00 in a research report on Friday, June 24th.
Shares of Alamos Gold (TSE:AGI) traded down 2.35% during midday trading on Tuesday, hitting $9.56. 506,752 shares of the company’s stock were exchanged. The company has a 50-day moving average of $10.45 and a 200-day moving average of $9.89. The firm’s market cap is $2.55 billion. Alamos Gold has a 52 week low of $3.27 and a 52 week high of $13.65.
The firm also recently announced a dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 31st will be issued a dividend of $0.01 per share. This represents a yield of 0.09%. The ex-dividend date of this dividend is Wednesday, October 12th.
Alamos Gold Company Profile
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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