Alamos Gold Inc (AGI) Receives a Buy from Credit Suisse


In a report issued on September 16, Fahad Tariq from Credit Suisse maintained a Buy rating on Alamos Gold Inc (AGI), with a price target of $9.50. The company’s shares closed last Monday at $6.24.

According to TipRanks.com, Tariq is a 4-star analyst with an average return of 22.8% and a 81.8% success rate. Tariq covers the Basic Materials sector, focusing on stocks such as Centerra Gold Inc, Franco Nev Corp, and Lundin Mining.

Alamos Gold Inc has an analyst consensus of Moderate Buy, with a price target consensus of $8.50.

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Based on Alamos Gold Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $23.6 million. In comparison, last year the company had a GAAP net loss of $8.9 million.

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