Merrill Lynch analyst Michael Jalonen maintained a Sell rating on Alamos Gold (NYSE:AGI) on Thursday, setting a price target of $10, which is approximately 14.42% above the present share price of $8.74.
Jalonen expects Alamos Gold to post earnings per share (EPS) of $0.03 for the fourth quarter of 2020.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Alamos Gold, with an average price target of $13.18.
The analysts price targets range from a high of $15.46 to a low of $10.5.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $126.2 million and a net profit of $12.1 million. The company's market cap is $3.43 billion.
According to TipRanks.com, Merrill Lynch analyst Michael Jalonen is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -3.8% and a 44.90% success rate.
Alamos Gold, Inc. engages in the exploration, development, mining, and extraction of precious metals. It operates through the following segments: Young-Davidson, Mulatos, Island Gold, Elchanate, Kirazli, and Corporate and Other. The company was founded on February 21, 2003 and is headquartered in Toronto, Canada.