AGI Inc (NYSE:AGBK – Get Free Report)’s share price was up 7.8% on Tuesday. The stock traded as high as $6.94 and last traded at $7.2850. 7,577 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 431,857 shares. The stock had previously closed at $6.76.
Analysts Set New Price Targets
A number of brokerages have issued reports on AGBK. Zacks Research lowered shares of AGI from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th. Oppenheimer lowered their target price on shares of AGI from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of AGI in a research report on Friday, August 7th. Finally, The Goldman Sachs Group set a $13.00 price target on shares of AGI in a research report on Thursday, August 6th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $14.14.
Check Out Our Latest Research Report on AGI
AGI Price Performance
Insider Activity
In related news, CTO Vinicius Birkeland Aloe sold 256,386 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $11.99, for a total value of $3,074,068.14. Following the transaction, the chief technology officer owned 176,423 shares in the company, valued at approximately $2,115,311.77. This trade represents a 59.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
About AGI
Alamos Gold Inc is a Canadian-based gold producer engaged in the acquisition, exploration, development and operation of gold properties. The company’s activities are focused primarily on North America, with operating assets in Canada and Mexico.
Alamos Gold operates the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mining complex in Sonora, Mexico. Its portfolio also includes development and exploration projects, including the Lynn Lake project in Manitoba, Canada, as the company works to expand its production base and mineral reserves.
The company is headquartered in Toronto, Ontario, and has historically focused on developing long-life, low-cost gold operations through exploration, mine expansion and operational improvements.
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