Alamos Gold (TSE:AGI – Get Free Report) (NYSE:AGI) had its price objective dropped by National Bankshares from C$27.00 to C$26.50 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 26.73% from the stock’s current price.
A number of other research firms have also recently weighed in on AGI. BMO Capital Markets raised their price objective on shares of Alamos Gold from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a report on Monday, April 8th. Bank of America raised shares of Alamos Gold from a “neutral” rating to a “buy” rating and lifted their target price for the company from C$21.75 to C$27.75 in a report on Tuesday, April 9th. Canaccord Genuity Group lifted their target price on shares of Alamos Gold from C$23.00 to C$25.00 in a report on Tuesday, April 23rd. Finally, Haywood Securities lifted their target price on shares of Alamos Gold from C$20.00 to C$22.50 in a report on Monday, April 1st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Alamos Gold currently has an average rating of “Moderate Buy” and a consensus target price of C$22.55.
View Our Latest Stock Report on AGI
Alamos Gold Stock Up 2.0 %
Alamos Gold (TSE:AGI – Get Free Report) (NYSE:AGI) last released its quarterly earnings data on Wednesday, April 24th. The company reported C$0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.18. Alamos Gold had a net margin of 20.52% and a return on equity of 7.44%. The company had revenue of C$374.24 million for the quarter. As a group, research analysts forecast that Alamos Gold will post 0.7762158 EPS for the current fiscal year.
Insiders Place Their Bets
In other Alamos Gold news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the business’s 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. Insiders own 0.29% 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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