Shares of Alamos Gold Inc (TSE:AGI) (NYSE:AGI) have been given an average rating of “Buy” by the eight research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$11.00.
A number of equities research analysts have issued reports on the company. Canaccord Genuity reduced their price target on Alamos Gold from C$14.00 to C$13.00 in a research report on Tuesday, July 24th. National Bank Financial reduced their price target on Alamos Gold from C$10.00 to C$9.00 in a research report on Saturday, July 14th. Finally, Desjardins raised Alamos Gold from a “hold” rating to a “buy” rating in a research report on Thursday, June 7th.
AGI opened at C$5.58 on Friday. Alamos Gold has a 12-month low of C$5.42 and a 12-month high of C$10.50.
Alamos Gold Company Profile
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.
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