A report released today by Mackie Research about Alamos Gold (TSE:AGI) ups the target price to $11.50
- Updated: September 21, 2016
In a report released on Wednesday September 21, 2016 Mackie Research increased the stock price target of Alamos Gold (TSE:AGI) from $11.25 to $11.50 indicating a possible upside of 0.07%.
Previously on Tuesday September 13, 2016, CIBC World Markets reported on Alamos Gold (TSE:AGI) increased the target price from $12.50 to $13.50. At the time, this indicated a possible upside of 0.21%.
Just yesterday Alamos Gold (TSE:AGI) traded 3.95% higher at $10.72. The company’s 50-day moving average is $10.93 and its 200-day moving average is $9.59. The last stock price is up 12.48% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 296,079 shares of AGI changing hands under the typical 907,124
With a total market value of $0, Alamos Gold has with a one year low of $3.27 and a one year high of $13.65 .
A total of 15 analysts have released a research note on AGI. Two analysts rating the company a strong buy, seven analysts rating the company a buy, seven analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $9.93.
More About Alamos Gold (TSE:AGI)
Alamos Gold Inc. explores for, mines, develops, and produces gold deposits in the United States and Canada. The company also explores for silver and precious metals. Its principal assets include the Young-Davidson mine, which includes mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine in the Salamandra concessions; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico. The company also holds interest in a portfolio of development stage projects in Mexico, Turkey, Canada, and the United States. The company was formerly known as AuRico Gold Inc. and changed its name to Alamos Gold, Inc. in July 2015. Alamos Gold, Inc. is headquartered in Toronto, Canada.
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