Alamos Gold Inc (AGI) Receives C$11.94 Average Price Target from Brokerages

Alamos Gold Inc (TSE:AGI) (NYSE:AGI) has earned a consensus rating of “Buy” from the nine ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$11.93.

A number of equities research analysts have recently commented on the stock. Laurentian set a C$9.50 price target on shares of Alamos Gold and gave the company a “buy” rating in a report on Monday, February 5th. Desjardins reiterated a “hold” rating on shares of Alamos Gold in a report on Monday, December 11th. BMO Capital Markets dropped their target price on shares of Alamos Gold from C$14.00 to C$11.50 in a report on Friday, November 24th. Scotiabank dropped their target price on shares of Alamos Gold to C$11.50 and set a “sector perform” rating on the stock in a report on Monday, December 18th. Finally, CIBC dropped their target price on shares of Alamos Gold from C$13.50 to C$12.00 in a report on Thursday, December 14th.

Alamos Gold (TSE:AGI) traded down C$0.05 during trading hours on Wednesday, hitting C$7.04. 694,386 shares of the stock were exchanged, compared to its average volume of 921,961. Alamos Gold has a 1 year low of C$6.33 and a 1 year high of C$11.40. The stock has a market capitalization of $2,740.00 and a PE ratio of 234.67.

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Alamos Gold Company Profile

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.

Analyst Recommendations for Alamos Gold (TSE:AGI)

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