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 reissued by equities research analysts at National Bank Financial in a report released 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 price target for the company in a report on Friday, May 5th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$12.91.

Shares of Alamos Gold (TSE AGI) traded down 2.03% during midday trading on Friday, reaching $9.66. 565,298 shares of the company were exchanged. Alamos Gold has a 52-week low of $7.86 and a 52-week high of $11.86. The firm’s 50 day moving average is $9.06 and its 200-day moving average is $9.71. The company’s market capitalization is $2.90 billion.

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

Alamos Gold Company Profile

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.

Analyst Recommendations for Alamos Gold (TSE:AGI)

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