Alamos Gold Inc (TSE:AGI) (NYSE:AGI) has received a consensus rating of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$8.82.
AGI has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price objective on shares of Alamos Gold from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 7th. Raymond James upgraded shares of Alamos Gold to a “hold” rating and set a C$10.00 price objective for the company in a research note on Wednesday, January 16th. Canaccord Genuity reduced their price objective on shares of Alamos Gold from C$13.00 to C$11.50 in a research note on Thursday, October 18th. Desjardins cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Thursday, December 13th. Finally, TD Securities reduced their price objective on shares of Alamos Gold from C$12.50 to C$10.50 and set a “buy” rating for the company in a research note on Monday, November 5th.
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Shares of Alamos Gold stock traded down C$0.02 on Wednesday, reaching C$5.80. The stock had a trading volume of 1,479,683 shares, compared to its average volume of 1,050,175. The company has a current ratio of 3.33, a quick ratio of 2.03 and a debt-to-equity ratio of 0.20. Alamos Gold has a fifty-two week low of C$3.88 and a fifty-two week high of C$7.97. The stock has a market capitalization of $2.28 billion and a price-to-earnings ratio of -386.67.
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 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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