Alamos Gold Inc (TSE:AGI) Given “Outperform Market Weight” Rating at National Bank Financial

Alamos Gold Inc (TSE:AGI) (NYSE:AGI)‘s stock had its “outperform market weight” rating reiterated by National Bank Financial in a research report issued to clients and investors on Sunday, July 23rd. National Bank Financial also issued estimates for Alamos Gold’s Q2 2017 earnings at $0.03 EPS, FY2017 earnings at $0.08 EPS, FY2018 earnings at $0.09 EPS, FY2019 earnings at $0.28 EPS and FY2020 earnings at $0.45 EPS.

Separately, TD Securities raised Alamos Gold from a “hold” rating to a “buy” rating and set a C$12.50 target price on the stock in a report on Friday, May 5th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Alamos Gold has a consensus rating of “Buy” and a consensus target price of C$12.91.

Alamos Gold (TSE:AGI) traded down 2.03% during trading on Friday, hitting $9.66. 565,298 shares of the stock were exchanged. The company’s market cap is $2.90 billion. The stock’s 50 day moving average is $9.06 and its 200-day moving average is $9.71. Alamos Gold has a one year low of $7.86 and a one year high of $11.86.

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In other Alamos Gold news, insider James Porter acquired 4,410 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was purchased at an average cost of C$8.31 per share, for a total transaction of C$36,647.10. Also, insider Colin Webster sold 15,000 shares of Alamos Gold stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of C$10.02, for a total value of C$150,300.00.

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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