Alamos Gold Inc (TSE:AGI) (NYSE:AGI) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$4.79 and last traded at C$4.82, with a volume of 518326 shares. The stock had previously closed at C$5.00.
Several brokerages have recently issued reports on AGI. National Bank Financial reduced their price objective on Alamos Gold from C$10.00 to C$9.00 in a research note on Saturday, July 14th. Canaccord Genuity reduced their price objective on Alamos Gold from C$14.00 to C$13.00 in a research note on Tuesday, July 24th. Raymond James reduced their price objective on Alamos Gold from C$11.00 to C$10.00 in a research note on Friday, October 19th. BMO Capital Markets restated an “outperform” rating and issued a C$11.50 price objective on shares of Alamos Gold in a research note on Thursday, September 6th. Finally, TD Securities reduced their price objective on Alamos Gold from C$12.50 to C$10.50 and set a “buy” rating for the company in a research note on Monday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of C$10.28.
The company has a current ratio of 3.70, a quick ratio of 2.31 and a debt-to-equity ratio of 0.23.
In related news, insider Colin Webster sold 12,500 shares of Alamos Gold stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of C$5.43, for a total transaction of C$67,875.00. Also, Director John Mccluskey purchased 5,000 shares of Alamos Gold stock in a transaction that occurred on Monday, September 17th. The shares were bought at an average price of C$5.80 per share, with a total value of C$29,000.00.
About Alamos Gold (TSE:AGI)
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.
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