Alamos Gold (TSE:AGI) Given New C$46.00 Price Target at CIBC

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price upped by CIBC from C$44.00 to C$46.00 in a research report sent to investors on Friday,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the stock. National Bank Financial raised shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. National Bankshares raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price target for the company in a report on Tuesday, December 3rd. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$29.53.

Alamos Gold Stock Performance

Shares of AGI opened at C$32.32 on Friday. Alamos Gold has a 1 year low of C$15.28 and a 1 year high of C$34.42. The company has a market cap of C$9.56 billion, a price-to-earnings ratio of 38.48, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62. The firm has a fifty day moving average of C$29.02 and a 200-day moving average of C$27.45.

Insider Buying and Selling

In related news, Director David Alexander Fleck acquired 2,000 shares of Alamos Gold stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average price of C$26.85 per share, with a total value of C$53,700.00. Corporate insiders own 0.27% of the company’s stock.

About Alamos Gold

Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: the Young-Davidson Mine in Canada and the Mulatos and El Chanate Mines in Sonora, Mexico. The Young-Davidson mine is the group’s largest revenue contributor, and the property also holds mineral leases and claims covering approximately 11,000 acres.