Raymond James Reiterates Outperform Rating for Alamos Gold (AGI)

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Alamos Gold (TSE:AGI) (NYSE:AGI)‘s stock had its “outperform” rating reaffirmed by equities researchers at Raymond James in a note issued to investors on Wednesday. They presently have a C$8.50 target price on the stock. Raymond James’ price objective would suggest a potential upside of 34.49% from the stock’s previous close.

AGI has been the topic of several other reports. Desjardins cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Thursday, December 13th. TD Securities cut their price objective on shares of Alamos Gold from C$12.50 to C$10.50 and set a “buy” rating on the stock in a research report on Monday, November 5th. Canaccord Genuity cut their price objective on shares of Alamos Gold from C$11.50 to C$9.00 in a research report on Friday, December 7th. National Bank Financial cut their price objective on shares of Alamos Gold from C$7.25 to C$7.00 and set an “outperform” rating on the stock in a research report on Monday, February 4th. Finally, CIBC cut their price objective on shares of Alamos Gold from C$10.00 to C$8.25 in a research report on Monday, January 21st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Alamos Gold currently has an average rating of “Buy” and a consensus price target of C$8.82.

Shares of AGI stock opened at C$6.32 on Wednesday. The firm has a market capitalization of $2.53 billion and a PE ratio of -421.33. Alamos Gold has a 12-month low of C$3.88 and a 12-month high of C$7.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.33 and a quick ratio of 2.03.

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.

See Also: Futures Contract

Analyst Recommendations for Alamos Gold (TSE:AGI)

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