Mon Sep 23 21:20:43 UTC 2024: ## Alamos Gold Senior Officer Sells Shares, Stock Price Rises

**Toronto, Canada -** Alamos Gold Inc. (TSE:AGI, NYSE:AGI) saw a recent insider transaction, with Senior Officer Nicole Marie Lichowit selling 1,590 shares on Monday, September 23rd. The sale, executed at an average price of C$28.66, yielded a total of C$45,569.40. Following the transaction, Lichowit now owns 374 shares, valued at approximately C$10,718.84.

Despite the insider sale, AGI stock traded up C$0.23 on Monday, reaching C$28.44. The stock exchange volume was 980,499 shares, compared to its average volume of 679,883.

Alamos Gold’s recent financial performance has been positive. The company reported C$0.33 earnings per share (EPS) for the quarter ending July 31st, surpassing analysts’ estimates by C$0.07. Revenue for the quarter reached C$455.07 million. Sell-side analysts anticipate Alamos Gold will post 1.4766404 earnings per share for the current year.

Several research firms have recently issued reports on AGI, with varying opinions. While National Bankshares maintained a “hold” rating, Scotiabank upgraded Alamos Gold to a “strong-buy”. TD Securities, Canaccord Genuity Group, and CIBC all raised their target prices on the stock, with CIBC assigning an “outperform” rating.

Overall, analysts maintain a “Moderate Buy” rating on Alamos Gold with an average target price of C$25.80.

Alamos Gold is a Canadian mining company specializing in the acquisition, exploration, development, and extraction of precious metals, primarily gold. The company operates mines in Canada and Mexico, including the Young-Davidson and Island Gold mines in Ontario, Canada, the Mulatos mine in Sonora, Mexico, and the Lynn Lake project in Manitoba, Canada.

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