AGI Inc (NYSE:AGBK) Stock Has Average Target Price of $14.14 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on AGI, with six buys, one hold and two sells among nine firms. The average 12-month price target is $14.14, roughly double the stock’s reported $7.12 opening price.
• Recent research was mixed: Goldman Sachs set a $13 target, Oppenheimer lowered its target to $9 while maintaining an “outperform” rating, and Zacks Research downgraded the stock to “strong sell.”
• AGI reported a $1.14 billion market capitalization and a 12.07 price-to-earnings ratio, while CTO Vinicius Birkeland Aloe sold 256,386 shares for approximately $3.07 million, reducing his position by 59.24%.

Shares of AGI Inc (NYSE:AGBK - Get Free Report) have received a consensus rating of "Hold" from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $14.14.

A number of brokerages have recently weighed in on AGBK. The Goldman Sachs Group set a $13.00 price objective on AGI in a report on Thursday, August 6th. Oppenheimer decreased their target price on AGI from $10.00 to $9.00 and set an "outperform" rating for the company in a report on Friday, August 7th. Zacks Research lowered AGI from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 16th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of AGI in a report on Friday, August 7th.

AGI Stock Performance

Shares of AGBK stock opened at $7.12 on Tuesday. The business has a fifty day moving average of $6.37 and a 200 day moving average of $6.83. AGI has a 1 year low of $5.28 and a 1 year high of $12.21. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market capitalization of $1.14 billion and a price-to-earnings ratio of 12.07.

Insider Buying and Selling

In other AGI news, CTO Vinicius Birkeland Aloe sold 256,386 shares of AGI stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $11.99, for a total transaction of $3,074,068.14. Following the completion of the sale, the chief technology officer directly owned 176,423 shares in the company, valued at approximately $2,115,311.77. The trade was a 59.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

AGI Company Profile

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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