Alamos Gold (AGI) Receives a Hold from RBC Capital

In a report issued on March 14, Josh Wolfson from RBC Capital maintained a Hold rating on Alamos Gold (AGIResearch Report), with a price target of $7.50. The company’s shares closed last Tuesday at $8.20.

According to TipRanks.com, Wolfson is a 4-star analyst with an average return of 3.9% and a 60.2% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Anglogold Ashanti.

Currently, the analyst consensus on Alamos Gold is a Moderate Buy with an average price target of $9.45, which is a 21.6% upside from current levels. In a report issued on March 3, National Bank also maintained a Hold rating on the stock with a C$11.00 price target.

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Alamos Gold’s market cap is currently $3.16B and has a P/E ratio of -47.55.

Based on the recent corporate insider activity of 178 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.

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