Alamos Gold (NYSE:AGI) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.57 by 7 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 5 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Canaccord Genuity downgrades the rating on Alamos Gold (NYSE:AGI). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 3, 2016.
Alamos Gold (NYSE:AGI): 8 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $6.4 in Alamos Gold (NYSE:AGI). However, the stock price could fluctuate by $ 1.3 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $9 price target with the lower price estimate is calculated at $5
Alamos Gold (NYSE:AGI) witnessed a decline in the market cap on Tuesday as its shares dropped 2.31% or 0.18 points. After the session commenced at $7.61, the stock reached the higher end at $7.81 while it hit a low of $7.525. With the volume soaring to 1,685,116 shares, the last trade was called at $7.61. The company has a 52-week high of $8.59. The company has a market cap of $2,015 million and there are 264,811,000 shares in outstanding. The 52-week low of the share price is $2.27.
Alamos Gold, Inc. has dropped 0.78% in the last five trading days, however, the shares have posted positive gains of 8.1% in the last 4 weeks. Alamos Gold, Inc. is up 41.19% in the last 3-month period. Year-to-Date the stock performance stands at 131.31%.
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.