Alamos Gold (TSE:AGI) Sets New 12-Month High – Here’s Why

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$36.99 and last traded at C$36.92, with a volume of 1285566 shares. The stock had previously closed at C$36.14.

Analysts Set New Price Targets

A number of research firms have recently commented on AGI. National Bank Financial upgraded Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Canaccord Genuity Group increased their price target on shares of Alamos Gold from C$35.00 to C$39.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. National Bankshares boosted their price objective on shares of Alamos Gold from C$38.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD Securities upped their target price on shares of Alamos Gold from C$35.00 to C$37.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, CIBC lifted their price target on shares of Alamos Gold from C$44.00 to C$46.00 in a research note on Friday, February 21st. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Alamos Gold has an average rating of “Buy” and a consensus target price of C$34.78.

Alamos Gold Stock Performance

The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48. The stock has a market cap of C$11.07 billion, a price-to-earnings ratio of 44.58, a PEG ratio of -2.10 and a beta of 1.10. The stock’s 50 day moving average is C$31.85 and its two-hundred day moving average is C$28.63.

Alamos Gold Company Profile

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.