Alamos Gold Inc (AGI) Receives C$12.29 Average Target Price from Brokerages
Shares of Alamos Gold Inc (TSE:AGI) (NYSE:AGI) have been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$12.29.
Several equities research analysts recently issued reports on AGI shares. Canaccord Genuity increased their price objective on Alamos Gold from C$13.00 to C$13.50 in a research note on Friday. BMO Capital Markets reduced their price objective on Alamos Gold from C$14.00 to C$11.50 in a research note on Friday, November 24th. Raymond James Financial reduced their price objective on Alamos Gold from C$12.50 to C$12.00 in a research note on Monday, October 23rd. CIBC reduced their price objective on Alamos Gold from C$13.50 to C$12.00 in a research note on Thursday, December 14th. Finally, Desjardins reissued a “hold” rating on shares of Alamos Gold in a research note on Monday, December 11th.
In other news, Director John Mccluskey bought 5,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were bought at an average cost of C$7.92 per share, with a total value of C$39,600.00. Over the last ninety days, insiders acquired 15,000 shares of company stock worth $120,370.
Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings data on Thursday, November 2nd. The company reported C$0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.03 by C$0.03. Alamos Gold had a return on equity of 5.68% and a net margin of 22.36%.
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.
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