Today, an analyst has provided a rating update for the Materials sector company, Alamos Gold (AGI). Analyst Don DeMarco from National Bank remains bullish on the stock and has a C$7 price target.
According to TipRanks.com, DeMarco is a 4-star analyst with an average return of 14.2% and a 75.0% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Detour Gold Corporation, OceanaGold Corporation, and Kirkland Lake Gold Ltd.
Alamos Gold has an analyst consensus of Moderate Buy, with a price target consensus of C$8.08, implying a 39.3% upside from current levels. In a report issued on January 20, CIBC also reiterated a Buy rating on the stock with a C$8.25 price target.
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The company has a one-year high of C$7.97 and a one-year low of C$3.88. Currently, Alamos Gold has an average volume of 1.18M.
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 Monday at C$5.80.
