The Brokerages Set Alamos Gold Inc (AGI) Price Target at $9.72

The Brokerages Set Alamos Gold Inc (AGI) Price Target at $9.72

Alamos Gold Inc (TSE:AGI) has been given a consensus recommendation of “Hold” by the twelve research firms that are currently covering the firm. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$9.72.

A number of research analysts have recently commented on the company. National Bank Financial raised Alamos Gold from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Sunday, June 26th. Desjardins cut Alamos Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. CIBC upped their target price on Alamos Gold from C$12.50 to C$13.50 in a research note on Tuesday, September 13th. TD Securities upped their target price on Alamos Gold from C$10.00 to C$11.50 and gave the company a “hold” rating in a research note on Thursday, August 11th. Finally, Mackie upped their target price on Alamos Gold from C$11.25 to C$11.50 and gave the company a “hold” rating in a research note on Wednesday, September 21st.

Alamos Gold (TSE:AGI) opened at 10.22 on Tuesday. The company’s 50-day moving average price is $10.39 and its 200-day moving average price is $9.96. The company’s market cap is $2.73 billion. Alamos Gold has a 52-week low of $3.27 and a 52-week high of $13.65.

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