Alamos Gold (TSE:AGI – Get Free Report) (NYSE:AGI) had its price target hoisted by investment analysts at BMO Capital Markets from C$27.00 to C$31.00 in a research report issued on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 10.48% from the stock’s current price.
Several other research analysts also recently weighed in on AGI. TD Securities boosted their target price on shares of Alamos Gold from C$27.00 to C$31.00 in a research note on Monday, July 22nd. CIBC boosted their price objective on shares of Alamos Gold from C$25.00 to C$38.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Canaccord Genuity Group raised their target price on shares of Alamos Gold from C$25.00 to C$29.00 in a research report on Tuesday, July 23rd. National Bank Financial cut shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. Finally, Scotiabank raised Alamos Gold to a “strong-buy” rating in a research note on Tuesday, July 16th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$25.80.
View Our Latest Analysis on AGI
Alamos Gold Price Performance
Alamos Gold (TSE:AGI – Get Free Report) (NYSE:AGI) last announced its earnings results on Wednesday, July 31st. The company reported C$0.33 EPS for the quarter, beating analysts’ consensus estimates of C$0.26 by C$0.07. Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. The firm had revenue of C$455.07 million for the quarter. As a group, analysts predict that Alamos Gold will post 1.4766404 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Senior Officer Nils Frederik Jonas Engelstad sold 16,500 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of C$26.68, for a total value of C$440,220.00. In other Alamos Gold news, Director John Mccluskey sold 4,800 shares of the business’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of C$21.38, for a total transaction of C$102,624.00. Also, Senior Officer Nils Frederik Jonas Engelstad sold 16,500 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of C$26.68, for a total transaction of C$440,220.00. In the last ninety days, insiders have sold 65,254 shares of company stock valued at $1,595,878. Corporate insiders own 0.27% of the company’s stock.
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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