Alamos Gold (TSE:AGI – Get Free Report) (NYSE:AGI) had its target price raised by equities research analysts at Canaccord Genuity Group from C$23.00 to C$25.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s target price points to a potential upside of 20.89% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. National Bankshares decreased their price objective on shares of Alamos Gold from C$27.50 to C$27.00 in a research report on Friday. Bank of America raised shares of Alamos Gold from a “neutral” rating to a “buy” rating and upped their price target for the stock from C$21.75 to C$27.75 in a research report on Tuesday, April 9th. BMO Capital Markets lifted their price target on shares of Alamos Gold from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a report on Monday, April 8th. Finally, TD Securities boosted their target price on shares of Alamos Gold from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.60.
Get Our Latest Stock Report on Alamos Gold
Alamos Gold Trading Up 2.2 %
Alamos Gold (TSE:AGI – Get Free Report) (NYSE:AGI) last released its earnings results on Wednesday, February 21st. The company reported C$0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.16. Alamos Gold had a return on equity of 7.44% and a net margin of 20.52%. The firm had revenue of C$346.65 million for the quarter. Analysts forecast that Alamos Gold will post 0.7762158 earnings per share for the current fiscal year.
Insider Activity
In other Alamos Gold news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$18.66, for a total value of C$559,737.00. Corporate insiders own 0.29% of the company’s stock.
Alamos Gold Company Profile
Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.
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