Alamos Gold (AGI) PT Lowered to C$10.00

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Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective reduced by research analysts at Raymond James from C$11.00 to C$10.00 in a research note issued on Friday. Raymond James’ target price points to a potential upside of 64.20% from the company’s current price.

Several other brokerages also recently weighed in on AGI. National Bank Financial decreased their price target on Alamos Gold from C$10.00 to C$9.00 in a report on Saturday, July 14th. Canaccord Genuity decreased their price target on Alamos Gold from C$14.00 to C$13.00 in a report on Tuesday, July 24th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a C$11.50 price target on shares of Alamos Gold in a report on Thursday, September 6th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Alamos Gold currently has a consensus rating of “Buy” and a consensus target price of C$10.71.

Shares of AGI stock traded up C$0.13 during trading hours on Friday, hitting C$6.09. The stock had a trading volume of 515,050 shares, compared to its average volume of 790,352. Alamos Gold has a twelve month low of C$5.35 and a twelve month high of C$9.00.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings data on Wednesday, August 1st. The company reported C$0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.03 by C($0.01). The firm had revenue of C$217.99 million during the quarter. Alamos Gold had a negative net margin of 2.91% and a negative return on equity of 0.80%.

In related news, insider Colin Webster sold 12,500 shares of the stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of C$5.43, for a total transaction of C$67,875.00. Also, Director John Mccluskey purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The shares were bought at an average cost of C$5.80 per share, with a total value of C$29,000.00.

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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Analyst Recommendations for Alamos Gold (TSE:AGI)

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