Brokerages Set Alamos Gold Inc (AGI) Target Price at $9.95
Shares of Alamos Gold Inc (TSE:AGI) (NYSE:AGI) have been given an average rating of “Hold” by the twelve ratings firms that are presently covering the firm. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$9.95.
Several research analysts have recently weighed in on AGI shares. CIBC upped their price target on shares of Alamos Gold from C$12.50 to C$13.50 in a report on Tuesday, September 13th. Desjardins decreased their price target on shares of Alamos Gold from C$13.50 to C$12.50 in a report on Thursday, October 20th. Mackie upped their price target on shares of Alamos Gold from C$11.25 to C$11.50 and gave the stock a “hold” rating in a report on Wednesday, September 21st. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Thursday, August 11th. Finally, Canaccord Genuity decreased their price target on shares of Alamos Gold from C$14.00 to C$12.50 and set a “hold” rating on the stock in a report on Thursday, August 11th.
Alamos Gold (TSE:AGI) opened at 8.63 on Tuesday. The company’s market capitalization is $2.30 billion. Alamos Gold has a 12 month low of $3.27 and a 12 month high of $13.65. The company’s 50-day moving average price is $10.20 and its 200 day moving average price is $10.43.
The firm also recently declared a dividend, which was paid on Monday, October 31st. Shareholders of record on Monday, October 31st were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, October 12th. This represents a 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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