Stock of the Day: Could Alamos Gold Inc (USA) Crash Even More? The Stock Had Another Big Decline Today

Stock of the Day: Could Alamos Gold Inc (USA) Crash Even More? The Stock Had Another Big Decline Today

The stock of Alamos Gold Inc (USA) (NYSE:AGI) is a huge mover today! About 1.97 million shares traded hands. Alamos Gold Inc (USA) (NYSE:AGI) has risen 18.40% since April 14, 2016 and is uptrending. It has outperformed by 13.71% the S&P500.
The move comes after 7 months negative chart setup for the $1.86 billion company. It was reported on Nov, 16 by Barchart.com. We have $5.98 PT which if reached, will make NYSE:AGI worth $167.40M less.

Alamos Gold Inc (USA) (NYSE:AGI) Ratings Coverage

Out of 8 analysts covering Alamos Gold (NYSE:AGI), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. Alamos Gold has been the topic of 13 analyst reports since August 11, 2015 according to StockzIntelligence Inc. RBC Capital Markets downgraded Alamos Gold Inc (USA) (NYSE:AGI) on Thursday, March 10 to “Sector Perform” rating. The stock of Alamos Gold Inc (USA) (NYSE:AGI) earned “Outperform” rating by Raymond James on Monday, June 27. As per Friday, May 27, the company rating was upgraded by National Bank Canada. The stock has “Sector Perform” rating given by Howard Weil on Tuesday, August 11. The stock has “Market Perform” rating given by Raymond James on Wednesday, April 20. The stock has “Hold” rating given by Canaccord Genuity on Tuesday, May 3. The stock of Alamos Gold Inc (USA) (NYSE:AGI) earned “Sector Perform” rating by Scotia Capital on Tuesday, March 29. As per Thursday, August 11, the company rating was upgraded by Desjardins Securities. Scotia Capital upgraded the shares of AGI in a report on Wednesday, August 12 to “Sector Outperform” rating. The stock of Alamos Gold Inc (USA) (NYSE:AGI) has “Sector Outperform” rating given on Wednesday, August 19 by IBC.

According to Zacks Investment Research, “Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson mine in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico.”

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