Articles
Alamos Gold (TSE:AGI) Cut to Hold at Canaccord Genuity Group
Alamos Gold (TSE:AGI) (NYSE:AGI) was downgraded by analysts at Canaccord Genuity Group to a “hold” rating in a note issued to investors on Tuesday,…
Alamos Gold (TSE:AGI) (NYSE:AGI) was downgraded by analysts at Canaccord Genuity Group to a “hold” rating in a note issued to investors on Tuesday, TipRanks reports. They presently have a C$10.00 price objective on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 9.29% from the stock’s previous close.
A number of other analysts have also recently commented on the stock. CIBC reduced their target price on shares of Alamos Gold to C$14.50 and set an “outperform” rating for the company in a report on Thursday, October 28th. National Bank Financial reduced their target price on shares of Alamos Gold to C$11.50 and set a “sector perform” rating for the company in a report on Friday, October 29th. Finally, National Bankshares reduced their target price on shares of Alamos Gold from C$12.00 to C$11.50 and set a “sector perform” rating for the company in a report on Friday, October 29th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Alamos Gold currently has a consensus rating of “Hold” and an average target price of C$11.79.
Shares of AGI stock opened at C$9.15 on Tuesday. Alamos Gold has a 12 month low of C$8.30 and a 12 month high of C$11.33. The stock has a market cap of C$3.59 billion and a P/E ratio of -147.58. The company has a current ratio of 3.35, a quick ratio of 1.87 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of C$9.59 and a two-hundred day simple moving average of C$9.63.
Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its earnings results on Wednesday, October 27th. The company reported C$0.13 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.14 by C($0.01). The business had revenue of C$249.32 million for the quarter, compared to analyst estimates of C$282.06 million. As a group, equities analysts forecast that Alamos Gold will post 0.56 earnings per share for the current year.
About Alamos Gold
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold in North America, Canada, and Mexico. It also explores for silver and precious metals. The company’s flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 5,587 ha located in Northern Ontario, Canada.
Recommended Story: Bid-Ask Spread
The post Alamos Gold (TSE:AGI) Cut to Hold at Canaccord Genuity Group appeared first on ETF Daily News.
Author: ETF Daily News Team
Portofino Resources Enters the Lithium Big Leagues with Argentinian Government Agreement
The Argentinian government made a surprise announcement earlier this month…
Fortuna Announces Share Repurchase Program
VANCOUVER, British Columbia, April 28, 2022 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) ("Fortuna" or the "Company") announced…
BMO Expects Inflation to Cloud over Miners Q1 Results
On April 18, BMO released their first quarter preview on their metals and mining coverage, asking the question “Should We
The post BMO Expects Miners…
Ground Breakers: Falling metal prices deliver hangover for Aussie miners
Oil falls on Venezuala and EU, gold dips
Daily market commentary: Gold prices hedged down, remaining under pressure from an increasingly hawkish Federal Reserve
Provenance Gold Offers New Projects in Nevada and Oregon
New Gold Bull Market to Begin Soon
Timberline drills 3.85 g/t gold over 24.4 metres at Eureka, Nevada
Peter Schiff: Don’t Listen To What The Fed Says; Look At What The Fed Is Doing
Goliath launches major Golden Triangle drill program
Stocks & Bond Yields Crater As The ‘American Consumer Is Strong’ Narrative Implodes
-
Energy & Critical Metals19 hours agoUranium Inventories Are Scarily Low – What that Means for Energy Security, Prices and New Projects
-
Lithium16 hours agoLithium industry needs to invest $42 billion by end of the decade to meet demand: BMI
-
Energy & Critical Metals19 hours agoTalon Metals Releases Record Length of High-Grade Nickel Mineralization at the Tamarack Nickel Project
-
Energy & Critical Metals22 hours agoIberdrola Australia signs green power deals with Woolworths Group
-
Financing News20 hours agoWhite Gold Corp. Announces Fully Funded $6 Million 2022 Exploration Program on its District Scale Land Package, Yukon, Canada
-
Financing News16 hours agoMAS Gold Announces New Terms for Private Placement Financing
-
Economics18 hours agoLost Decade On Menu As Yields Collide With 3% Hurdle
-
Energy & Critical Metals19 hours agoNevada Sunrise Receives Final Lithium Analyses from Borehole GEM22-02 – Mineralized Intersection Improves to 1,101 ppm Lithium over 730 Feet at the Gemini Lithium Project, Nevada
