Alamos Gold Inc. (TSE:AGI) Receives Consensus Rating of “Moderate Buy” from Analysts

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has received an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$25.80.

AGI has been the subject of several research reports. National Bankshares upped their price target on shares of Alamos Gold from C$28.00 to C$30.00 and gave the company a “hold” rating in a research report on Monday, September 16th. BMO Capital Markets increased 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 research note on Monday, September 16th. Finally, National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th.

Alamos Gold Stock Performance

Shares of AGI stock opened at C$26.61 on Friday. Alamos Gold has a 1 year low of C$15.27 and a 1 year high of C$29.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 3.04. The firm has a market cap of C$11.17 billion, a price-to-earnings ratio of 39.13, a PEG ratio of -2.10 and a beta of 1.10. The stock’s 50-day moving average is C$27.13 and its two-hundred day moving average is C$24.71.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.26 EPS for the quarter, missing the consensus estimate 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%. Analysts predict that Alamos Gold will post 1.4774775 earnings per share for the current year.

Insider Activity at Alamos Gold

In other news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of C$28.66, for a total transaction of C$45,569.40. Following the transaction, the insider now directly owns 374 shares of the company’s stock, valued at C$10,718.84. This represents a 80.96 % decrease in their position. Also, Senior Officer John Michael Fitzgerald sold 20,456 shares of the firm’s 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. 0.27% of the stock is owned by insiders.

About Alamos Gold

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.