Skip to main content
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Bank of America Securities Sticks to Their Buy Rating for Alamos Gold (AGI)

Tipranks - Fri Feb 20, 1:40AM CST

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.

President's Day Sale - 70% Off

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

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.