Alamos Gold Stock Receives 'Outperform' Rating from Royal Bank Of Canada
Alamos Gold's stock has received an 'outperform' rating from Royal Bank Of Canada, reaffirming their previous stance. The bank set a target price of $42.00 for the basic materials company, suggesting a potential upside of 18.78% from its previous close.
This is not the first time Alamos Gold has received an 'outperform' rating from Royal Bank Of Canada. In fact, they have repeated this rating several times, most recently on Saturday, June 20th. This time around, their price objective suggests a potential upside of 18.78%.
Other research analysts have also weighed in on Alamos Gold's stock. Jefferies Financial Group decreased their target price from $50.00 to $49.00 and set a 'buy' rating for the company, while Bank of America reduced their price target from $50.00 to $39.00 and still maintains a 'buy' rating.
Alamos Gold's stock has been trading up in recent days, with shares reaching $35.36 on Wednesday. The company's market capitalization is currently at $14.80 billion, with a debt-to-equity ratio of 0.04 and a beta of 0.61.