Alamos Gold Inc (AGI) Price Target Raised to C$12.50

Alamos Gold Inc (TSE:AGI) (NYSE:AGI) had its price objective hoisted by Raymond James Financial, Inc. from C$12.00 to C$12.50 in a research note published on Thursday. The brokerage currently has an outperform rating on the stock.

AGI has been the topic of a number of other reports. National Bank Financial restated an outperform market weight rating on shares of Alamos Gold in a report on Sunday, July 23rd. TD Securities boosted their target price on shares of Alamos Gold from C$12.50 to C$13.50 and gave the stock a buy rating in a report on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of C$12.86.

Shares of Alamos Gold (TSE:AGI) opened at 9.04 on Thursday. Alamos Gold has a 12-month low of $7.86 and a 12-month high of $11.86. The company’s market capitalization is $2.72 billion. The company’s 50 day moving average is $9.68 and its 200 day moving average is $9.57.

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In related news, insider James Porter acquired 10,000 shares of Alamos Gold stock in a transaction on Wednesday, September 13th. The stock was purchased at an average cost of C$8.91 per share, with a total value of C$89,100.00. Also, insider Colin Webster sold 15,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of C$10.02, for a total transaction of C$150,300.00.

About Alamos Gold

Alamos Gold Inc is a Canada-based company, which is engaged in the acquisition, exploration, development and extraction of precious metals. The Company’s segments include Young-Davidson, Mulatos, El Chanate and Corporate/other. Its Corporate and other segment consists of exploration and development projects.

Analyst Recommendations for Alamos Gold (TSE:AGI)

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