Alamos Gold (AGI) Given New C$11.50 Price Target at Scotiabank

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price cut by Scotiabank to C$11.50 in a report published on Monday morning. They currently have a sector perform rating on the stock.

Several other research analysts have also recently weighed in on the company. Raymond James Financial decreased their price target on Alamos Gold from C$12.50 to C$12.00 in a research note on Monday, October 23rd. BMO Capital Markets reduced their price objective on Alamos Gold from C$14.00 to C$11.50 in a research report on Friday, November 24th. CIBC reduced their price objective on Alamos Gold from C$13.50 to C$12.00 in a research report on Thursday, December 14th. Finally, Desjardins reiterated a hold rating on shares of Alamos Gold in a research report on Monday, December 11th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of C$12.50.

Alamos Gold (AGI) opened at C$7.90 on Monday. Alamos Gold has a one year low of C$7.53 and a one year high of C$11.83.

In related news, Director John Mccluskey purchased 5,000 shares of Alamos Gold stock in a transaction on Friday, November 10th. The stock was acquired at an average price of C$7.92 per share, for a total transaction of C$39,600.00. In the last quarter, insiders have purchased 15,000 shares of company stock valued at $120,370.

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About Alamos Gold

Alamos Gold Inc is a Canada-based company, which is engaged in the acquisition, exploration, development and extraction of precious metals. The Company’s segments include Young-Davidson, Mulatos, El Chanate and Corporate/other. Its Corporate and other segment consists of exploration and development projects.

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