Alamos Gold (AGI) Reaches New 12-Month Low at $6.94

Shares of Alamos Gold Inc (TSE:AGI) (NYSE:AGI) hit a new 52-week low during trading on Tuesday . The company traded as low as C$6.94 and last traded at C$6.99, with a volume of 466397 shares traded. The stock had previously closed at C$7.11.

AGI has been the subject of a number of research reports. BMO Capital Markets dropped their price target on Alamos Gold from C$14.00 to C$11.50 in a research note on Friday, November 24th. Raymond James Financial lowered their price objective on Alamos Gold from C$12.50 to C$12.00 in a research note on Monday, October 23rd. CIBC decreased their price target on Alamos Gold from C$13.50 to C$12.00 in a research note on Thursday, December 14th. Canaccord Genuity raised their price target on Alamos Gold from C$13.00 to C$13.50 in a research note on Friday, January 19th. Finally, Laurentian set a C$9.50 price objective on Alamos Gold and gave the stock a “buy” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Alamos Gold currently has an average rating of “Buy” and an average target price of C$12.11.

The firm has a market cap of $2,770.00 and a price-to-earnings ratio of 230.67.

In related news, Director John Mccluskey acquired 5,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was acquired at an average price of C$7.92 per share, with a total value of C$39,600.00. In the last three months, insiders bought 8,000 shares of company stock valued at $63,360.

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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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