Alamos Gold (AGI) PT Lowered to C$11.50

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price reduced by equities research analysts at Canaccord Genuity from C$13.00 to C$11.50 in a report released on Thursday. Canaccord Genuity’s price objective suggests a potential upside of 90.08% from the company’s current price.

AGI has been the topic of a number of other research reports. BMO Capital Markets reiterated an “outperform” rating and set a C$11.50 price objective on shares of Alamos Gold in a research report on Thursday, September 6th. National Bank Financial reduced their price objective on Alamos Gold from C$10.00 to C$9.00 in a research report on Saturday, July 14th. Finally, Raymond James lifted their target price on Alamos Gold from C$10.50 to C$11.00 and gave the company an “outperform” rating in a research report on Friday, September 7th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$10.71.

Shares of Alamos Gold stock opened at C$6.05 on Thursday. Alamos Gold has a one year low of C$5.35 and a one year high of C$9.00.

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

In other Alamos Gold news, insider Colin Webster sold 12,500 shares of Alamos Gold stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of C$5.43, for a total value of C$67,875.00. Also, Director John Mccluskey bought 5,000 shares of Alamos Gold stock in a transaction on Monday, September 17th. The stock was acquired at an average price of C$5.80 per share, for a total transaction of C$29,000.00.

Alamos Gold Company Profile

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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