In a report issued on January 14, Dalton Baretto from Canaccord Genuity maintained a Buy rating on Alamos Gold (AGI), with a price target of C$15.50. The company’s shares closed last Wednesday at $8.21.
According to TipRanks.com, Baretto is a 5-star analyst with an average return of 29.7% and a 61.5% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Turquoise Hill Resources, First Quantum Minerals, and Fortuna Silver Mines.
Alamos Gold has an analyst consensus of Moderate Buy, with a price target consensus of $11.53, a 46.7% upside from current levels. In a report issued on January 11, National Bank also maintained a Buy rating on the stock with a C$15.50 price target.
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The company has a one-year high of $11.58 and a one-year low of $4.33. Currently, Alamos Gold has an average volume of 3.01M.
Based on the recent corporate insider activity of 179 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AGI in relation to earlier this year.
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Alamos Gold, Inc. engages in the exploration, development, mining, and extraction of precious metals. It operates through the following segments: Young-Davidson, Mulatos, Island Gold, Elchanate, Kirazli, and Corporate and Other. The company was founded on February 21, 2003 and is headquartered in Toronto, Canada.
