Alamos Gold (NYSE:AGI) Downgraded to "Hold" at National Bank Financial

Market Beat
2024.09.10 09:57
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National Bank Financial has downgraded Alamos Gold (NYSE: AGI) from a "strong-buy" to a "hold" rating, according to a recent note. Despite this rating adjustment, several other analysts maintained positive outlooks, with six issuing buy ratings. Currently, Alamos Gold’s stock has a consensus rating of "Moderate Buy" and a target price of approximately $9.06. The company has shown solid growth in earnings, reporting a notable revenue increase compared to last year. Institutional investors own over 64% of the company's shares, highlighting significant market interest.