BMO Capital Markets Reiterates Outperform Rating for Alamos Gold (AGI)

Alamos Gold (TSE:AGI) (NYSE:AGI)‘s stock had its “outperform” rating reissued by research analysts at BMO Capital Markets in a research note issued to investors on Friday. They presently have a C$11.50 price target on the stock. BMO Capital Markets’ target price would indicate a potential upside of 46.68% from the stock’s previous close.

A number of other brokerages have also recently weighed in on AGI. Raymond James Financial lifted their price objective on shares of Alamos Gold from C$12.00 to C$12.50 and gave the company an “outperform” rating in a report on Thursday, September 14th. Desjardins restated a “hold” rating on shares of Alamos Gold in a report on Monday, December 11th. Finally, CIBC dropped their price objective on shares of Alamos Gold from C$13.50 to C$12.00 in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$12.44.

Alamos Gold (TSE AGI) opened at C$7.84 on Friday. Alamos Gold has a twelve month low of C$7.53 and a twelve month high of C$11.83.

In other news, Director John Mccluskey purchased 5,000 shares of the stock in a transaction on Friday, November 10th. The stock was bought at an average price of C$7.92 per share, for a total transaction of C$39,600.00. Insiders have acquired a total of 15,000 shares of company stock valued at $120,370 in the last quarter.

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Alamos Gold Company Profile

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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