Alamos Gold (AGI) Price Target Cut to $9.00

Alamos Gold (NYSE:AGI) (TSE:AGI) had its price objective reduced by equities researchers at Scotiabank from $11.00 to $9.00 in a research report issued on Monday. The firm presently has a “sector perform” rating on the basic materials company’s stock. Scotiabank’s price objective indicates a potential upside of 49.25% from the stock’s previous close.

AGI has been the topic of a number of other reports. ValuEngine downgraded shares of Alamos Gold from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. Royal Bank of Canada set a $9.00 price target on shares of Alamos Gold and gave the company a “hold” rating in a research note on Tuesday, October 10th. Desjardins restated a “hold” rating on shares of Alamos Gold in a research note on Monday, December 11th. Zacks Investment Research upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research note on Tuesday, December 5th. Finally, BMO Capital Markets restated a “buy” rating and issued a $11.50 price target (down from $14.00) on shares of Alamos Gold in a research note on Friday, November 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Alamos Gold presently has a consensus rating of “Hold” and an average target price of $9.70.

Alamos Gold (NYSE AGI) traded down $0.12 on Monday, hitting $6.03. 5,919,400 shares of the stock were exchanged, compared to its average volume of 2,681,056. Alamos Gold has a one year low of $5.93 and a one year high of $9.00. The firm has a market cap of $2,346.03, a P/E ratio of 100.50 and a beta of 0.46.

A number of hedge funds and other institutional investors have recently modified their holdings of AGI. Franklin Resources Inc. raised its holdings in Alamos Gold by 50.6% in the 2nd quarter. Franklin Resources Inc. now owns 38,805,105 shares of the basic materials company’s stock valued at $277,916,000 after buying an additional 13,039,324 shares during the last quarter. Fiera Capital Corp raised its holdings in Alamos Gold by 220.7% in the 2nd quarter. Fiera Capital Corp now owns 4,827,103 shares of the basic materials company’s stock valued at $34,148,000 after buying an additional 3,321,741 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in Alamos Gold by 451.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 2,964,338 shares of the basic materials company’s stock valued at $21,037,000 after buying an additional 2,427,238 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Alamos Gold by 224.1% in the 3rd quarter. CIBC Asset Management Inc now owns 2,971,601 shares of the basic materials company’s stock valued at $20,023,000 after buying an additional 2,054,659 shares during the last quarter. Finally, Commonwealth Bank of Australia raised its holdings in Alamos Gold by 97.8% in the 3rd quarter. Commonwealth Bank of Australia now owns 3,247,100 shares of the basic materials company’s stock valued at $21,954,000 after buying an additional 1,605,200 shares during the last quarter. Institutional investors and hedge funds own 63.00% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Alamos Gold (AGI) Price Target Cut to $9.00” was first reported by Markets Daily and is owned by of Markets Daily. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The original version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/12/18/alamos-gold-agi-price-target-cut-to-9-00.html.

Alamos Gold Company Profile

Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.

Analyst Recommendations for Alamos Gold (NYSE:AGI)

Receive News & Ratings for Alamos Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamos Gold and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply