CIBC Issues Positive Forecast for Alamos Gold (TSE:AGI) Stock Price

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective raised by equities researchers at CIBC from C$38.00 to C$40.00 in a note issued to investors on Monday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 46.68% from the stock’s current price.

AGI has been the subject of a number of other research reports. National Bankshares upped their price objective on Alamos Gold from C$28.00 to C$30.00 and gave the company a “hold” rating in a research note on Monday, September 16th. BMO Capital Markets boosted their price objective on Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, National Bank Financial cut Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$26.50.

Alamos Gold Stock Performance

TSE:AGI opened at C$27.27 on Monday. The stock’s 50-day moving average is C$27.09 and its 200-day moving average is C$24.84. Alamos Gold has a 1-year low of C$15.27 and a 1-year high of C$29.66. The company has a current ratio of 3.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. The stock has a market cap of C$11.45 billion, a P/E ratio of 40.10, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its earnings results on Wednesday, November 6th. The company reported C$0.26 EPS for the quarter, missing the consensus estimate of C$0.30 by C($0.04). The business had revenue of C$492.35 million for the quarter. Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. Equities research analysts anticipate that Alamos Gold will post 1.4774775 earnings per share for the current year.

Insiders Place Their Bets

In other news, Senior Officer John Michael Fitzgerald sold 20,456 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$27.73, for a total transaction of C$567,150.78. Also, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$28.66, for a total value of C$45,569.40. Following the transaction, the insider now directly owns 374 shares in the company, valued at C$10,718.84. The trade was a 80.96 % decrease in their position. 0.27% of the stock is currently owned by corporate insiders.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.