In a new note to investors on July 10, an analyst has provided a rating update for the Materials sector company, Alamos Gold (TSX: AGI). The company received a Buy on July 10 from Desjardins’ analyst Josh Wolfson, with a C$8.25 price target.
According to TipRanks.com, Wolfson is ranked #2217 out of 4843 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alamos Gold with a C$11.13 average price target.
Based on Alamos Gold’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$758.9K. 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$7.35.