Analyst Rating Update on Alamos Gold (AGI)

Alamos Gold (NYSE:AGI) : The consensus on Alamos Gold (NYSE:AGI) based on 7 analyst recommendation on the company stock is 2.43, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Alamos Gold (NYSE:AGI) : 8 investment research analysts covering Alamos Gold (NYSE:AGI) have an average price target of $7.23 for the near short term. The highest target price given by the Brokerage Firm to the stock is $10 and the lowest target is $5 for the short term. Analysts expect the variance to be within $1.98 of the average price.

Company shares have received an average consensus rating of Hold for the current week Also, Canaccord Genuity downgrades their rating on the shares of Alamos Gold (NYSE:AGI). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 3, 2016.

Alamos Gold (NYSE:AGI): On Tuesdays trading session , Opening price of the stock was $8.16 with an intraday high of $8.27. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $8.07. However, the stock managed to close at $8.17, a loss of 1.33% for the day. On the previous day, the stock had closed at $8.28. The total traded volume of the day was 2,228,262 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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