Alamos Gold (TSE:AGI) PT Raised to C$30.00 at National Bankshares

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target raised by stock analysts at National Bankshares from C$28.00 to C$30.00 in a report issued on Monday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock.

A number of other research analysts also recently commented on AGI. CIBC upped their price objective on shares of Alamos Gold from C$25.00 to C$38.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. TD Securities upped their price objective on shares of Alamos Gold from C$27.00 to C$31.00 in a research note on Monday, July 22nd. Canaccord Genuity Group upped their price objective on shares of Alamos Gold from C$25.00 to C$29.00 in a research note on Tuesday, July 23rd. National Bank Financial cut Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. Finally, Scotiabank upgraded Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 16th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.80.

Alamos Gold Stock Performance

Alamos Gold has a one year low of C$14.80 and a one year high of C$28.37. The company has a fifty day moving average price of C$24.73 and a 200-day moving average price of C$22.03. The company has a quick ratio of 1.06, a current ratio of 3.04 and a debt-to-equity ratio of 0.04. The firm has a market cap of C$11.67 billion, a P/E ratio of 41.38, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10.

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

Insiders Place Their Bets

In other Alamos Gold news, Senior Officer John Michael Fitzgerald sold 20,456 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$27.73, for a total value of C$567,150.78. In other Alamos Gold news, Senior Officer Adrian Paulse sold 15,571 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$24.80, for a total value of C$386,193.50. Also, Senior Officer John Michael Fitzgerald sold 20,456 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$27.73, for a total value of C$567,150.78. Insiders sold a total of 80,910 shares of company stock worth $2,060,405 in the last 90 days. 0.27% of the stock is owned by company 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.