Alamos Gold (AGI) Given New C$11.50 Price Target at Canaccord Genuity

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Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective dropped by stock analysts at Canaccord Genuity from C$13.00 to C$11.50 in a note issued to investors on Thursday. Canaccord Genuity’s target price would indicate a potential upside of 89.46% from the company’s previous close.

Several other equities analysts have also weighed in on the company. Raymond James lifted their price objective on Alamos Gold from C$10.50 to C$11.00 and gave the company an “outperform” rating in a research note on Friday, September 7th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$11.50 price objective on shares of Alamos Gold in a research note on Thursday, September 6th. Finally, National Bank Financial reduced their price objective on Alamos Gold from C$10.00 to C$9.00 in a research note on Saturday, July 14th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Alamos Gold has a consensus rating of “Buy” and an average target price of C$10.86.

Shares of TSE AGI traded down C$0.26 during midday trading on Thursday, hitting C$6.07. The stock had a trading volume of 758,333 shares, compared to its average volume of 788,514. Alamos Gold has a 1-year low of C$5.35 and a 1-year high of C$9.01.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings data on Wednesday, August 1st. The company reported C$0.02 earnings per share for the quarter, missing the consensus estimate of C$0.03 by C($0.01). The firm 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%.

In related news, Director John Mccluskey purchased 5,000 shares of Alamos Gold stock in a transaction that occurred on Monday, September 17th. The shares were purchased at an average cost of C$5.80 per share, with a total value of C$29,000.00. Also, insider Colin Webster sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of C$5.43, for a total value of C$67,875.00.

About Alamos Gold

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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Analyst Recommendations for Alamos Gold (TSE:AGI)

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