AGI Inc (NYSE:AGBK) Stock Has Average Price Target of $14.14 According to Brokerages

AGI Inc (NYSE:AGBK) has received an average recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $14.14.

Several research firms recently commented on AGBK. The Goldman Sachs Group set a $13.00 target price on AGI in a report on Thursday, August 6th. Weiss Ratings reissued a “sell (d)” rating on shares of AGI in a report on Friday, August 7th. Oppenheimer decreased their price target on AGI from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Finally, Zacks Research lowered AGI from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th.

Insider Buying and Selling at AGI

In related news, CTO Vinicius Birkeland Aloe sold 256,386 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $11.99, for a total value of $3,074,068.14. Following the completion of the transaction, the chief technology officer directly owned 176,423 shares in the company, valued at $2,115,311.77. The trade was a 59.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

AGI Stock Performance

Shares of AGBK stock opened at $7.12 on Tuesday. The stock has a market cap of $1.14 billion and a PE ratio of 12.07. The business has a 50-day simple moving average of $6.37 and a 200-day simple moving average of $6.83. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.31. AGI has a 52-week low of $5.28 and a 52-week high of $12.21.

About AGI

Alamos Gold Inc is a Canadian-based gold producer engaged in the acquisition, exploration, development and operation of gold properties. The company’s activities are focused primarily on North America, with operating assets in Canada and Mexico.

Alamos Gold operates the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mining complex in Sonora, Mexico. Its portfolio also includes development and exploration projects, including the Lynn Lake project in Manitoba, Canada, as the company works to expand its production base and mineral reserves.

The company is headquartered in Toronto, Ontario, and has historically focused on developing long-life, low-cost gold operations through exploration, mine expansion and operational improvements.