Alamos Gold (TSE:AGI – Get Free Report) (NYSE:AGI) had its target price raised by investment analysts at Canaccord Genuity Group from C$23.00 to C$25.00 in a note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective indicates a potential upside of 20.19% from the stock’s current price.
Other analysts also recently issued reports about the stock. TD Securities upped their price objective on shares of Alamos Gold from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Thursday, March 28th. BMO Capital Markets upped their price objective on shares of Alamos Gold from C$23.00 to C$26.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Jefferies Financial Group set a C$14.00 price objective on shares of Alamos Gold and gave the company a “buy” rating in a report on Thursday, February 29th. National Bankshares dropped their price objective on shares of Alamos Gold from C$27.50 to C$27.00 in a report on Friday, April 19th. Finally, Royal Bank of Canada raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$12.00 to C$16.00 in a report on Thursday, January 11th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$22.60.
Read Our Latest Stock Analysis on Alamos Gold
Alamos Gold Trading Up 0.8 %
Alamos Gold (TSE:AGI – Get Free Report) (NYSE:AGI) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.16. Alamos Gold had a net margin of 20.52% and a return on equity of 7.44%. The business had revenue of C$346.65 million for the quarter. Analysts predict that Alamos Gold will post 0.7762158 EPS for the current year.
Insider Buying and Selling
In related news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$18.66, for a total transaction of C$559,737.00. 0.29% of the stock is currently owned by insiders.
About Alamos Gold
Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.
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