Alamos Gold (AGI) Given New C$7.00 Price Target at National Bank Financial

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective lowered by research analysts at National Bank Financial from C$7.25 to C$7.00 in a report issued on Monday, February 4th. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 9.03% from the stock’s previous close. National Bank Financial also issued estimates for Alamos Gold’s Q4 2018 earnings at $0.01 EPS.

A number of other research analysts also recently weighed in on the company. CIBC lowered their price target on Alamos Gold from C$10.00 to C$8.25 in a report on Monday, January 21st. Raymond James lowered their price target on Alamos Gold from C$10.00 to C$8.50 in a report on Friday, January 18th. Desjardins downgraded Alamos Gold from a “buy” rating to a “hold” rating in a report on Thursday, December 13th. Canaccord Genuity lowered their target price on Alamos Gold from C$11.50 to C$9.00 in a research note on Friday, December 7th. Finally, Royal Bank of Canada lowered their target price on Alamos Gold from C$7.50 to C$7.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$8.82.

Shares of Alamos Gold stock traded up C$0.06 on Monday, reaching C$6.42. 1,338,100 shares of the company were exchanged, compared to its average volume of 1,090,321. Alamos Gold has a fifty-two week low of C$3.88 and a fifty-two week high of C$7.97. The company has a quick ratio of 2.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $2.51 billion and a PE ratio of -33.79.

About Alamos Gold

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.

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Analyst Recommendations for Alamos Gold (TSE:AGI)

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