BMO Capital Markets reiterated their outperform rating on shares of Alamos Gold (TSE:AGI) (NYSE:AGI) in a research note published on Thursday morning. The brokerage currently has a C$11.50 price objective on the stock.
AGI has been the topic of several other reports. National Bank Financial dropped their price objective on shares of Alamos Gold from C$10.00 to C$9.00 in a report on Saturday, July 14th. Canaccord Genuity dropped their price objective on shares of Alamos Gold from C$14.00 to C$13.00 in a report on Tuesday, July 24th. Finally, Desjardins raised shares of Alamos Gold from a hold rating to a buy rating in a report on Thursday, June 7th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of C$11.00.
AGI stock opened at C$5.65 on Thursday. Alamos Gold has a 12 month low of C$5.41 and a 12 month high of C$10.40.
Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings data on Wednesday, August 1st. The company reported C$0.02 EPS for the quarter, missing the consensus estimate of C$0.03 by C($0.01). The business had revenue of C$217.99 million during the quarter. Alamos Gold had a negative net margin of 2.91% and a negative return on equity of 0.80%.
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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