Alamos Gold (TSE:AGI) Stock Crosses Above 200-Day Moving Average – Here’s Why

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$25.10 and traded as high as C$28.57. Alamos Gold shares last traded at C$27.83, with a volume of 539,193 shares.

Analyst Ratings Changes

Several brokerages have commented on AGI. National Bankshares upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price objective for the company in a report on Tuesday, December 3rd. BMO Capital Markets lifted their price target on Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. National Bank Financial upgraded Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Finally, CIBC boosted their target price on shares of Alamos Gold from C$38.00 to C$40.00 in a report on Monday, December 2nd. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Alamos Gold currently has an average rating of “Buy” and an average target price of C$26.50.

Alamos Gold Stock Performance

The firm has a market capitalization of C$11.68 billion, a P/E ratio of 40.93, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The company has a current ratio of 3.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. The business’s 50 day simple moving average is C$27.08 and its two-hundred day simple moving average is C$25.10.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.26 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.04). Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. The firm had revenue of C$492.35 million for the quarter. Sell-side analysts anticipate that Alamos Gold Inc. will post 1.4774775 EPS for the current fiscal year.

Insider Transactions at Alamos Gold

In related news, Senior Officer John Michael Fitzgerald sold 20,456 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$27.73, for a total transaction of C$567,150.78. Also, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 374 shares of the company’s stock, valued at C$10,718.84. This trade represents a 80.96 % decrease in their ownership of the stock. Company insiders own 0.27% of the company’s stock.

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.