| Canaccord Upgrades Alamos Gold, Sees 39% Return Possibility | |
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Shares of Alamos Gold Inc (NYSE: AGI) are up more than 2.7 percent on Friday, following an upgrade at Canaccord. In a report, analysts Rahul Paul and Alex Pernin boosted their rating from Hold to Buy, while trimming their price target from C$9.00 to C$8.50.
The new rating and price target seek to reflect the recent share price weakness (the stock fell more than 31 percent year-to-date, and more than 13 percent over the past week), which has created the opportunity for a 39 percent upside.
Related Link: 5 Junior Gold Miners Trading At Less Than 0 Per Ounce
After the company merged with its equal AuRico Gold Inc (NYSE: AUQ), the analysts at Canaccord started viewing the MergeCo as a “higher-quality intermediate gold producer, combining Alamos' strong balance sheet, AuRico's attractive asset base (underpinned by the Young-Davidson mine in Ontario) and Alamos' current growth pipeline.”
At current valuations, the experts see potential for additional multiple expansion at Alamos, longer term, based on:
1) The successful overhaul at the San Carlos underground operation.
2) The concession of the forestry and operating permits necessary for the Turkish assets to operate.
3) An ameliorated consolidated cash cost profile, which in part responds to the start of production at the La Yaqui and Cerro Pelon satellite deposits.
Latest Ratings for AGI
Date | Firm | Action | From | To |
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Jul 2015 | Canaccord Genuity | Upgrades | Hold | Buy | Jul 2015 | Raymond James | Maintains | | Market Perform | Jun 2015 | Desjardins | Upgrades | Hold | Buy |
View More Analyst Ratings for AGI
View the Latest Analyst Ratings
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Aurico Gold Inc.
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PRODUCTEUR |
CODE : AUQ.TO |
ISIN : CA3649151089 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Aurico est une société de production minière d'or basée au Canada. Aurico est productrice d'or, d'argent au Mexique, en développement de projets d'argent et d'or au Mexique, et détient divers projets d'exploration au Mexique. Ses principaux projets en production sont OCAMPO et LAS TORRES au Mexique, son principal projet en développement est EL CUBO au Mexique et ses principaux projets en exploration sont LOS JARROS, LA BANDERA MEXICO, GUADALUPE Y CALVO, MEZQUITE et GUADALUPE Y CALVO au Mexique. Aurico est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,0 milliards CA$ (802,6 millions US$, 722,1 millions €). La valeur de son action a atteint son plus haut niveau récent le 07 octobre 2011 à 9,97 CA$, et son plus bas niveau récent le 03 juillet 2015 à 3,58 CA$. Aurico possède 281 670 016 actions en circulation. |