Brokerages Set Alamos Gold Inc. (TSE:AGI) PT at C$26.50

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have been given an average rating of “Buy” by the ten analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$26.50.

Several equities research analysts recently commented on AGI shares. National Bankshares upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price target on the stock in a research note on Tuesday, December 3rd. National Bank Financial upgraded Alamos Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. BMO Capital Markets upped their target price 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. Finally, CIBC raised their price target on Alamos Gold from C$38.00 to C$40.00 in a research note on Monday, December 2nd.

Alamos Gold Trading Up 2.2 %

TSE:AGI opened at C$26.52 on Thursday. Alamos Gold has a 1 year low of C$15.27 and a 1 year high of C$29.66. The stock has a market cap of C$11.13 billion, a P/E ratio of 39.00, a P/E/G ratio of -2.10 and a beta of 1.10. 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 stock has a 50-day simple moving average of C$26.85 and a 200-day simple moving average of C$25.48.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share (EPS) 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 business had revenue of C$492.35 million during the quarter. As a group, analysts anticipate that Alamos Gold will post 1.4774775 earnings per share for the current fiscal year.

Insider Transactions at Alamos Gold

In other news, Director David Alexander Fleck acquired 2,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of C$26.85 per share, with a total value of C$53,700.00. Company 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.