RBC Capital Sticks to Its Hold Rating for Alamos Gold Inc

By Jason Carr

In a report released today, Stephen Walker from RBC Capital reiterated a Hold rating on Alamos Gold Inc (NASDAQ: AGI), with a price target of $9. The company’s shares opened today at $6.26, close to its 52-week low of $5.85.

According to TipRanks.com, Walker is a 3-star analyst with an average return of 1.5% and a 47.2% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Novagold Resources Inc New.

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

The company has a one year high of $10.41 and a one year low of $5.85. Currently, Alamos Gold Inc has an average volume of 3.73M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.