Shares of Alamos Gold Inc (TSE:AGI) (NYSE:AGI) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$5.74 and last traded at C$5.74, with a volume of 546175 shares changing hands. The stock had previously closed at C$5.84.
A number of analysts have recently weighed in on AGI shares. Desjardins raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Thursday, June 7th. Raymond James cut their price target on shares of Alamos Gold from C$11.50 to C$10.50 and set an “outperform” rating for the company in a report on Thursday, May 3rd. Canaccord Genuity cut their price target on shares of Alamos Gold from C$14.00 to C$13.00 in a report on Tuesday, July 24th. Finally, National Bank Financial cut their price target on shares of Alamos Gold from C$10.00 to C$9.00 in a report on Saturday, July 14th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Alamos Gold presently has an average rating of “Buy” and a consensus price target of C$11.00.
About Alamos Gold (TSE:AGI)
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.
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