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.
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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.
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