Alamos Gold (AGI): Price Target and June Short Interest Disclosure

Alamos Gold (AGI) : The highest level Alamos Gold (AGI) is projected to reach is $12 for the short term and the lowest estimate is at $5. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $8.04 and the possibility the share price can swing is $2.89.

Alamos Gold (AGI), A drop of 2,173,003 shares or 36.7% was seen in the short interest of Alamos Gold Inc.. Even as the interest dropped from 5,920,599 shares on June 15,2016 to 3,747,596 shares on June 30,2016, the days to cover came in at 1. The updated interest stood at 1.4% of the stocks floats. The stock has seen an average daily volume of 3,892,955 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In a research note released to the investors, Credit Suisse reinstates its rating on Alamos Gold (NYSE:AGI).The analysts at the brokerage house have a current rating of Outperform on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 30, 2016.


Alamos Gold (NYSE:AGI): On Thursdays trading session , Opening price of the stock was $9.65 with an intraday high of $9.76. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.39. However, the stock managed to close at $9.67, a loss of 2.72% for the day. On the previous day, the stock had closed at $9.94. The total traded volume of the day was 2,123,462 shares.

Alamos Gold Inc. is a Canada-based mid-tier gold producer. The Company is engaged in the acquisition, exploration, development and extraction of precious metals. It is engaged in the exploration and development activities in Mexico, Turkey and the United States. It owns and operates the Mulatos mine in Mexico and holds the mineral rights to the Salamandra group of concessions in the State of Sonora, Mexico, which includes several satellite gold occurrences. It also owns the Agi Dagi, Kirazli and Camyurt gold development projects in Turkey. Agi Dagi and Kirazli gold development projects are located in Canakkale Province, Turkey. The Camyurt project is located three kilometres southeast of the Agi Dagi project. The Company owns the Esperanza Gold Project, which is a development stage asset located in south-central Mexico in the state of Morelos. It owns a 100% interest in the Quartz Mountain Property, which is located in south-central Oregon. It operates through Carlisle Goldfields Ltd.

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