Alamos Gold Inc (AGI) Stock Rating Reaffirmed by TD Securities
Alamos Gold Inc (TSE:AGI)‘s stock had its “hold” rating reiterated by investment analysts at TD Securities in a research report issued on Friday. They currently have a C$11.50 target price on the stock. TD Securities’ price objective suggests a potential upside of 32.34% from the stock’s previous close.
A number of other research firms have also commented on AGI. Desjardins reduced their price objective on Alamos Gold from C$13.50 to C$12.50 in a research note on Thursday, October 20th. CIBC boosted their price objective on Alamos Gold from C$12.50 to C$13.50 in a research note on Tuesday, September 13th. Canaccord Genuity reduced their price objective on Alamos Gold from C$12.50 to C$12.00 in a research note on Monday, October 24th. Mackie boosted their price objective on Alamos Gold from C$11.25 to C$11.50 and gave the stock a “hold” rating in a research note on Wednesday, September 21st. Finally, National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, August 11th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$10.23.
Alamos Gold (TSE:AGI) opened at 8.69 on Friday. Alamos Gold has a 52-week low of $3.27 and a 52-week high of $13.65. The firm’s market cap is $2.32 billion. The company has a 50 day moving average price of $10.35 and a 200-day moving average price of $10.45.
The firm also recently declared a dividend, which was paid on Monday, October 31st. Shareholders of record on Monday, October 31st were issued a $0.01 dividend. The ex-dividend date was Wednesday, October 12th. This represents a dividend yield of 0.09%.
About Alamos Gold
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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