Canaccord Genuity Thinks Alamos Gold’s Stock is Going to Recover
In a new note to investors today, an analyst has provided a rating update for Alamos Gold (AGI). The company received a Buy rating from Canaccord Genuity’s analyst Carey MacRury, with a C$9 price target.
According to TipRanks.com, MacRury is ranked 0 out of 5 stars with an average return of -11.6% and a 21.1% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Osisko Gold Royalties Ltd.
Currently, the analyst consensus on Alamos Gold is a Strong Buy with an average price target of C$9.50.
The company has a one-year high of C$8.49 and a one-year low of C$4.13. Currently, Alamos Gold has an average volume of 843.6K.
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$4.79, close to its 52-week low of C$4.13.