Alamos Gold Inc (AGI) Receives C$12.78 Consensus Price Target from Analysts

Alamos Gold Inc (TSE:AGI) (NYSE:AGI) has received a consensus rating of “Buy” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$12.78.

Several equities research analysts recently issued reports on AGI shares. TD Securities upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating and set a C$12.50 price objective for the company in a research report on Friday, May 5th. Desjardins raised their price objective on shares of Alamos Gold from C$13.25 to C$13.50 in a research report on Thursday, March 9th. CIBC increased their target price on shares of Alamos Gold from C$13.00 to C$13.50 in a research note on Friday, February 24th. Canaccord Genuity raised their price objective on shares of Alamos Gold from C$12.50 to C$14.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a C$11.00 target price on shares of Alamos Gold in a report on Thursday, February 23rd.

Alamos Gold (AGI) traded up 1.39% during trading on Tuesday, reaching $9.48. The company’s stock had a trading volume of 1,337,523 shares. The company has a 50-day moving average of $9.09 and a 200 day moving average of $9.82. The firm’s market cap is $2.84 billion. Alamos Gold has a one year low of $7.86 and a one year high of $13.65.

In other Alamos Gold news, insider James Porter bought 4,410 shares of Alamos Gold stock in a transaction dated Wednesday, May 24th. The stock was bought at an average cost of C$8.31 per share, for a total transaction of C$36,647.10. Also, insider John Andrew Cormier sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 24th. The shares were sold at an average price of C$11.00, for a total value of C$110,000.00. In the last ninety days, insiders have sold 85,000 shares of company stock valued at $939,600.

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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.

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