BMO Capital Thinks Alamos Gold’s Stock is Going to Recover


Alamos Gold (TSX: AGI), the Materials sector company, was revisited by a Wall Street analyst on September 19. Analyst Andrew Breichmanas from BMO Capital rated Alamos Gold (TSX: AGI) a Buy on September 19, setting a C$10 price target.

According to TipRanks.com, Breichmanas is ranked #1477 out of 4879 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alamos Gold with a C$10.63 average price target, implying a 79.3% upside from current levels. In a report issued on September 7, Raymond James also maintained a Buy rating on the stock with a C$11 price target.

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Based on Alamos Gold’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$11.49 million. In comparison, last year the company had a net profit of C$3.23 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 Friday at C$5.93, close to its 52-week low of C$5.35.

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