CIBC Reiterates Their Buy Rating on Alamos Gold (AGI)


Alamos Gold (AGI), the Materials sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Cosmos Chiu from CIBC remains bullish on the stock and has a C$8.25 price target.

According to TipRanks.com, Chiu is a 4-star analyst with an average return of 5.9% and a 47.5% success rate. Chiu covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Osisko Gold Royalties Ltd, and Detour Gold Corporation.

Alamos Gold has an analyst consensus of Strong Buy, with a price target consensus of C$7.81, implying a 49.3% upside from current levels. In a report issued on January 16, Raymond James also maintained a Buy rating on the stock with a C$10 price target.

.

Alamos Gold’s market cap is currently C$1.99B and has a P/E ratio of 0. The company has a Price to Book ratio of 0.57.

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$5.23.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts