BMO Capital Markets Increases Alamos Gold (TSE:AGI) Price Target to C$31.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price raised by stock analysts at BMO Capital Markets from C$27.00 to C$31.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock.

Other equities research analysts have also recently issued reports about the stock. CIBC increased their target price on shares of Alamos Gold from C$25.00 to C$38.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. National Bank Financial cut shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. National Bankshares reduced their target price on shares of Alamos Gold from C$26.50 to C$26.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Scotiabank upgraded shares of Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 16th. Finally, Canaccord Genuity Group increased their target price on shares of Alamos Gold from C$25.00 to C$29.00 in a research report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Alamos Gold presently has an average rating of “Moderate Buy” and a consensus target price of C$25.80.

Alamos Gold Stock Performance

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 business’s fifty day moving average is C$24.73 and its two-hundred day moving average is C$22.03. The firm has a market capitalization of C$11.67 billion, a PE ratio of 41.38, a PEG ratio of -2.10 and a beta of 1.10. Alamos Gold has a 12-month low of C$14.80 and a 12-month high of C$28.37.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.33 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.26 by C$0.07. The company had revenue of C$455.07 million during the quarter. Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. Research analysts forecast that Alamos Gold will post 1.4766404 earnings per share for the current year.

Insider Buying and Selling

In other Alamos Gold news, Senior Officer John Michael Fitzgerald sold 20,456 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$27.73, for a total transaction of C$567,150.78. In other Alamos Gold news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$21.48, for a total transaction of C$286,414.32. Also, Senior Officer John Michael Fitzgerald sold 20,456 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$27.73, for a total transaction of C$567,150.78. Over the last ninety days, insiders sold 80,910 shares of company stock worth $2,060,405. Insiders own 0.27% of the company’s stock.

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.