Alamos Gold (AGI) Gets a Buy Rating from Raymond James


The Materials sector company, Alamos Gold (AGI), has received a rating update from a Wall Street analyst today. The company received a Buy rating from Raymond James’ analyst Tara Hassan, with a C$10 price target.

According to TipRanks.com, Hassan is ranked #3965 out of 5149 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alamos Gold with a C$9 average price target.

Based on Alamos Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$9.41 million. In comparison, last year the company had a GAAP net loss of C$5.98 million.

Alamos Gold, Inc. engages in the exploration, development, mining and extraction of precious metals, primarily gold. It operates through the following business segments: Young-Davidson, Mulatos, Island Gold, Elchanate, and Corporate/Other. The company was founded on February 21, 2003 and is headquartered in Toronto, Canada.

The company’s shares closed on Wednesday at C$5.37.

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