Alamos Gold (AGI) Hits New 1-Year Low at $7.28

Shares of Alamos Gold Inc (TSE:AGI) (NYSE:AGI) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$7.28 and last traded at C$7.31, with a volume of 364112 shares trading hands. The stock had previously closed at C$7.37.

Several analysts have issued reports on the company. Canaccord Genuity upped their target price on Alamos Gold from C$13.00 to C$13.50 in a report on Friday, January 19th. Scotiabank dropped their target price on Alamos Gold to C$11.50 and set a “sector perform” rating for the company in a report on Monday, December 18th. BMO Capital Markets restated an “outperform” rating and issued a C$11.50 target price on shares of Alamos Gold in a report on Friday, December 15th. CIBC dropped their target price on Alamos Gold from C$13.50 to C$12.00 in a report on Thursday, December 14th. Finally, Desjardins restated a “hold” rating on shares of Alamos Gold in a report on Monday, December 11th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Alamos Gold currently has an average rating of “Buy” and a consensus target price of C$12.44.

The stock has a market cap of $2,840.00 and a P/E ratio of 243.67.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings results on Thursday, November 2nd. The company reported C$0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.03 by C$0.03. Alamos Gold had a return on equity of 5.68% and a net margin of 22.36%.

In other Alamos Gold news, Director Paul Murphy purchased 5,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were acquired at an average price of C$8.15 per share, with a total value of C$40,750.00. In the last ninety days, insiders bought 15,000 shares of company stock worth $120,370.

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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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