Brokerages Set Alamos Gold Inc. (TSE:AGI) Target Price at C$26.50

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has been given a consensus rating of “Buy” by the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$26.50.

AGI has been the subject of several analyst reports. National Bankshares raised Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price objective for the company in a report on Tuesday, December 3rd. National Bank Financial upgraded shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. BMO Capital Markets boosted their target price on shares of Alamos Gold from C$27.00 to C$31.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, CIBC lifted their price objective on Alamos Gold from C$38.00 to C$40.00 in a research note on Monday, December 2nd.

Alamos Gold Price Performance

Shares of AGI opened at C$26.47 on Thursday. The company’s 50-day moving average is C$27.02 and its 200-day moving average is C$25.36. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.04 and a quick ratio of 1.06. The firm has a market capitalization of C$11.11 billion, a PE ratio of 38.93, a PEG ratio of -2.10 and a beta of 1.10. Alamos Gold has a fifty-two week low of C$15.27 and a fifty-two week high of C$29.66.

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

Insider Activity at Alamos Gold

In other Alamos Gold news, Director David Alexander Fleck purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average price of C$26.85 per share, with a total value of C$53,700.00. 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.