RBC Capital analyst Josh Wolfson maintained a Hold rating on Alamos Gold (AGI – Research Report) on June 27 and set a price target of $9.00. The company’s shares closed last Tuesday at $6.96, close to its 52-week low of $6.51.
According to TipRanks.com, Wolfson is a 1-star analyst with an average return of -1.0% and a 45.8% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Anglogold Ashanti.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alamos Gold with a $10.65 average price target.
Based on Alamos Gold’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $185 million and GAAP net loss of $8.5 million. In comparison, last year the company earned revenue of $227 million and had a net profit of $51.2 million.
Based on the recent corporate insider activity of 187 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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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