Alamos Gold (AGI) PT Raised to C$13.50 at Canaccord Genuity

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price lifted by stock analysts at Canaccord Genuity from C$13.00 to C$13.50 in a note issued to investors on Friday. Canaccord Genuity’s target price suggests a potential upside of 78.10% from the stock’s current price.

Several other research analysts have also recently commented on the stock. Scotiabank lowered their target price on shares of Alamos Gold to C$11.50 and set a “sector perform” rating on the stock in a report on Monday, December 18th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$11.50 target price on shares of Alamos Gold in a report on Friday, December 15th. CIBC decreased their price objective on shares of Alamos Gold from C$13.50 to C$12.00 in a research note on Thursday, December 14th. Desjardins reissued a “hold” rating on shares of Alamos Gold in a research note on Monday, December 11th. Finally, Raymond James Financial decreased their price objective on shares of Alamos Gold from C$12.50 to C$12.00 in a research note on Monday, October 23rd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$12.44.

Alamos Gold (AGI) opened at C$7.58 on Friday. Alamos Gold has a fifty-two week low of C$7.32 and a fifty-two week high of C$11.83. The company has a market cap of $2,950.00 and a P/E ratio of 252.67.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its earnings results on Thursday, November 2nd. The company reported C$0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.03 by C$0.03. Alamos Gold had a net margin of 22.36% and a return on equity of 5.68%.

In other news, Director John Mccluskey acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average cost of C$7.92 per share, with a total value of C$39,600.00. Insiders purchased 15,000 shares of company stock worth $120,370 over the last three months.

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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.

Analyst Recommendations for Alamos Gold (TSE:AGI)

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