Alamos Gold (TSE:AGI) PT Raised to C$9.75 at National Bank Financial

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target hoisted by investment analysts at National Bank Financial from C$9.25 to C$9.75 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 5.06% from the stock’s current price.

A number of other brokerages have also recently weighed in on AGI. CIBC lifted their price objective on shares of Alamos Gold from C$9.00 to C$10.50 in a report on Monday, July 15th. Raymond James restated a “market perform” rating and issued a C$10.00 price objective on shares of Alamos Gold in a report on Thursday, August 1st. Canaccord Genuity lifted their price objective on shares of Alamos Gold from C$9.50 to C$11.00 in a report on Friday, July 19th. Finally, BMO Capital Markets lifted their price objective on shares of Alamos Gold from C$11.00 to C$12.00 in a report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of C$10.11.

Shares of AGI traded up C$0.03 during trading on Wednesday, reaching C$9.28. 545,232 shares of the company traded hands, compared to its average volume of 932,698. Alamos Gold has a twelve month low of C$3.88 and a twelve month high of C$10.12. The firm has a market cap of $3.64 billion and a PE ratio of -135.07. The business’s 50-day moving average is C$8.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.82 and a current ratio of 2.91.

In other news, Senior Officer Christopher John Bostwick sold 35,322 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of C$9.85, for a total transaction of C$347,921.70. Following the completion of the sale, the insider now owns 67,069 shares in the company, valued at approximately C$660,629.65. Also, Senior Officer James Porter sold 13,600 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of C$9.91, for a total transaction of C$134,776.00. Following the sale, the insider now owns 97,477 shares of the company’s stock, valued at approximately C$965,997.07.

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's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.

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Analyst Recommendations for Alamos Gold (TSE:AGI)

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