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.

COPYRIGHT VIOLATION NOTICE: This report was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.dispatchtribunal.com/2018/01/31/alamos-gold-agi-hits-new-1-year-low-at-7-28.html.

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.

Receive News & Ratings for Alamos Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamos Gold and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply