Canaccord Genuity Raises Alamos Gold (AGI) Price Target to C$14.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target raised by equities research analysts at Canaccord Genuity from C$13.50 to C$14.00 in a research note issued to investors on Monday. Canaccord Genuity’s target price points to a potential upside of 101.15% from the stock’s previous close.

Several other research firms have also recently commented on AGI. Laurentian set a C$9.50 price target on shares of Alamos Gold and gave the stock a “buy” rating in a report on Monday, February 5th. National Bank Financial decreased their price target on shares of Alamos Gold from C$12.00 to C$11.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$11.88.

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Shares of AGI opened at C$6.96 on Monday. Alamos Gold has a one year low of C$6.19 and a one year high of C$10.50.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.06 EPS for the quarter, hitting the consensus estimate of C$0.06. The business had revenue of C$205.37 million during the quarter. Alamos Gold had a negative net margin of 2.91% and a negative return on equity of 0.80%.

In other Alamos Gold news, Director David Alexander Fleck bought 10,000 shares of Alamos Gold stock in a transaction on Monday, February 26th. The stock was purchased at an average cost of C$6.59 per share, for a total transaction of C$65,900.00. Also, Director Paul Murphy bought 10,500 shares of Alamos Gold stock in a transaction on Wednesday, February 28th. The stock was acquired at an average price of C$6.48 per share, with a total value of C$68,040.00. Over the last 90 days, insiders have purchased 63,000 shares of company stock valued at $418,175.

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Alamos Gold Company Profile

Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.

Analyst Recommendations for Alamos Gold (TSE:AGI)

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