Shares of Alamos Gold Inc (TSE:AGI) (NYSE:AGI) have been given a consensus recommendation of “Buy” by the eight research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$8.86.
Several equities research analysts have recently commented on the company. Raymond James restated an “outperform” rating and issued a C$8.50 price objective on shares of Alamos Gold in a research note on Friday, May 3rd. National Bank Financial lowered Alamos Gold from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$7.50 to C$7.25 in a research note on Thursday, March 21st. Finally, CIBC reduced their price objective on Alamos Gold from C$10.00 to C$8.25 in a research note on Monday, January 21st.
Shares of TSE:AGI traded down C$0.01 during midday trading on Friday, hitting C$6.16. The company had a trading volume of 645,673 shares, compared to its average volume of 929,255. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.26 and a quick ratio of 2.05. The firm has a market capitalization of $2.39 billion and a price-to-earnings ratio of -40.86. Alamos Gold has a 12-month low of C$3.88 and a 12-month high of C$7.97.
Alamos Gold Company Profile
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's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.
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