Alamos Gold Inc (AGI) Given Consensus Rating of “Buy” by Brokerages
Alamos Gold Inc (TSE:AGI) has been given an average recommendation of “Hold” by the twelve analysts that are presently covering the company. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$9.72.
A number of equities research analysts have recently weighed in on the company. Canaccord Genuity cut their price target on Alamos Gold from C$14.00 to C$9.50 in a report on Tuesday, July 12th. Desjardins cut Alamos Gold from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. National Bank Financial cut Alamos Gold from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from C$12.00 to C$13.00 in a report on Wednesday, July 13th. CIBC lifted their price target on Alamos Gold from C$12.50 to C$13.50 in a report on Tuesday, September 13th. Finally, TD Securities lifted their price target on Alamos Gold from C$10.00 to C$11.50 and gave the company a “hold” rating in a report on Thursday, August 11th.
Alamos Gold (TSE:AGI) traded down 2.35% during midday trading on Tuesday, reaching $9.56. The company had a trading volume of 506,752 shares. Alamos Gold has a 52-week low of $3.27 and a 52-week high of $13.65. The company’s market capitalization is $2.55 billion. The company’s 50 day moving average is $10.45 and its 200-day moving average is $9.89.
The firm also recently declared a dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 31st will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a yield of 0.09%.
Alamos Gold Company Profile
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company is engaged in the acquisition, exploration, development and extraction of precious metals. It is engaged in the exploration and development activities in Mexico, Turkey and the United States. It owns and operates the Mulatos mine in Mexico and holds the mineral rights to the Salamandra group of concessions in the State of Sonora, Mexico, which includes several satellite gold occurrences.
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