In a report released on March 28, Michael Siperco from RBC Capital maintained a Buy rating on Alamos Gold (AGI – Research Report), with a price target of $16.00. The company’s shares closed last Thursday at $14.75.
Siperco covers the Basic Materials sector, focusing on stocks such as SSR Mining, Alamos Gold, and Eldorado Gold. According to TipRanks, Siperco has an average return of -2.8% and a 45.60% success rate on recommended stocks.
In addition to RBC Capital, Alamos Gold also received a Buy from BMO Capital’s Brian Quast in a report issued on March 28. However, on March 27, Bank of America Securities maintained a Hold rating on Alamos Gold (NYSE: AGI).
AGI market cap is currently $5.85B and has a P/E ratio of 27.78.
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Alamos Gold (AGI) Company Description:
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.
Read More on AGI:
- Alamos Gold price target raised to C$26 from C$23 at BMO Capital
- Alamos Gold price target raised to C$24 from C$23 at TD Securities
- Alamos Gold Acquires Argonaut, Expands Canadian Operations
- Alamos Gold Acquires Argonaut to Boost Gold Production
- Alamos Gold to acquire Argonaut Gold for C$0.40 per share
