Bank of America Securities Sticks to Their Buy Rating for Alamos Gold (AGI)
Bank of America Securities analyst Sathish Kasinathan maintained a Buy rating on Alamos Gold yesterday and set a price target of $48.00. The company’s shares closed yesterday at C$59.89.
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According to TipRanks, Kasinathan is a 5-star analyst with an average return of 37.8% and an 87.50% success rate. Kasinathan covers the Basic Materials sector, focusing on stocks such as Alamos Gold, IAMGOLD, and Commercial Metals Company.
Alamos Gold has an analyst consensus of Strong Buy, with a price target consensus of $52.38, which is a -12.54% downside from current levels. In a report released on February 10, Stifel Nicolaus also maintained a Buy rating on the stock with a C$80.00 price target.
Based on Alamos Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$457.17 million and a net profit of C$273.24 million. In comparison, last year the company earned a revenue of C$360.9 million and had a net profit of C$84.5 million
Read More on AGI:
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