Analyst Rating Update on Alamos Gold (AGI)

Alamos Gold (AGI) has an average broker rating of 2.63, which is interpreted as a Hold, as rated by 8 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Alamos Gold (AGI) : 7 Wall Street analysts covering Alamos Gold (AGI) believe that the average level the stock could reach for the short term is $8.79. The maximum price target given is $12 and the minimum target for short term is around $5, hence the standard deviation is calculated at $2.83.

Company shares have received an average consensus rating of Hold for the current week


Alamos Gold (NYSE:AGI): The stock opened at $9.35 on Wednesday but the bulls could not build on the opening and the stock topped out at $9.35 for the day. The stock traded down to $9.08 during the day, due to lack of any buying support eventually closed down at $9.21 with a loss of -1.92% for the day. The stock had closed at $9.39 on the previous day. The total traded volume was 1,156,834 shares.

Alamos Gold Inc. is a Canada-based mid-tier gold producer. The Company is engaged in the acquisition, exploration, development and extraction of precious metals. It is engaged in the exploration and development activities in Mexico, Turkey and the United States. It owns and operates the Mulatos mine in Mexico and holds the mineral rights to the Salamandra group of concessions in the State of Sonora, Mexico, which includes several satellite gold occurrences. It also owns the Agi Dagi, Kirazli and Camyurt gold development projects in Turkey. Agi Dagi and Kirazli gold development projects are located in Canakkale Province, Turkey. The Camyurt project is located three kilometres southeast of the Agi Dagi project. The Company owns the Esperanza Gold Project, which is a development stage asset located in south-central Mexico in the state of Morelos. It owns a 100% interest in the Quartz Mountain Property, which is located in south-central Oregon. It operates through Carlisle Goldfields Ltd.

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