Alamos Gold Inc Receives a Hold from RBC Capital

By Ryan Adsit

RBC Capital analyst Stephen Walker reiterated a Hold rating on Alamos Gold Inc (NASDAQ: AGI) yesterday and set a price target of $9. The company’s shares closed yesterday at $7.97.

According to TipRanks.com, Walker is a 5-star analyst with an average return of 7.7% and a 57.9% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Novagold Resources Inc New, and Hecla Mining Company.

Alamos Gold Inc has an analyst consensus of Hold, with a price target consensus of $9.

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Alamos Gold, Inc. engages in the exploration, mine development, and the mining & extraction of precious metals and primarily gold. It also operates Mulatos Mine and Esperanza Gold Project in Morelos State, Mexico, and the Quartz Mountain Property in Oregon, USA. The company was founded on February 21, 2003 and is headquartered in Toronto, Canada.