Alamos Gold (AGI) PT Lowered to C$11.50 at Scotiabank

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price cut by stock analysts at Scotiabank to C$11.50 in a research note issued on Monday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective points to a potential upside of 46.68% from the stock’s previous close.

A number of other analysts have also commented on AGI. Raymond James Financial boosted their price target on shares of Alamos Gold from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research note on Thursday, September 14th. BMO Capital Markets decreased their price target on shares of Alamos Gold from C$14.00 to C$11.50 in a research note on Friday, November 24th. Desjardins reaffirmed a “hold” rating on shares of Alamos Gold in a report on Monday, December 11th. Finally, CIBC cut their price objective on shares of Alamos Gold from C$13.50 to C$12.00 in a report on Thursday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$12.50.

Shares of Alamos Gold (TSE:AGI) traded up C$0.01 during mid-day trading on Monday, reaching C$7.84. 5,834,395 shares of the company’s stock were exchanged, compared to its average volume of 916,426. Alamos Gold has a fifty-two week low of C$7.53 and a fifty-two week high of C$11.83.

In other Alamos Gold news, Director Paul Murphy acquired 5,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were acquired at an average cost of C$8.15 per share, with a total value of C$40,750.00. Insiders purchased a total of 15,000 shares of company stock worth $120,370 over the last three months.

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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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