Short Term Price Target on Alamos Gold (AGI)

Alamos Gold (NYSE:AGI) : 7 investment research analysts covering Alamos Gold (NYSE:AGI) have an average price target of $7.51 for the near short term. The highest target price given by the Brokerage Firm to the stock is $10 and the lowest target is $5 for the short term. Analysts expect the variance to be within $2.27 of the average price.

Shares of Alamos Gold, Inc. rose by 14.06% in the last five trading days and 36.08% for the last 4 weeks. Alamos Gold, Inc. is up 53.3% in the last 3-month period. Year-to-Date the stock performance stands at 161.4%. Also, Canaccord Genuity downgrades their rating on the shares of Alamos Gold (NYSE:AGI). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 3, 2016.

Alamos Gold (NYSE:AGI) : The consensus on Alamos Gold (NYSE:AGI) based on 7 analyst recommendation on the company stock is 2.43, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Alamos Gold (NYSE:AGI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.56 and $8.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.60, notching a gain of 2.63% for the day. The total traded volume was 2,657,303 . The stock had closed at $8.38 on the previous day.

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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