CIBC Forecasts Strong Price Appreciation for Alamos Gold (TSE:AGI) Stock

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target upped by CIBC from C$44.00 to C$46.00 in a report released on Friday,BayStreet.CA reports.

Several other research analysts also recently issued reports on AGI. National Bank Financial raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. National Bankshares raised Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price objective for the company in a research note on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Alamos Gold presently has a consensus rating of “Buy” and a consensus target price of C$29.53.

Alamos Gold Stock Performance

Alamos Gold stock opened at C$32.32 on Friday. The business has a 50 day moving average of C$29.02 and a 200-day moving average of C$27.39. Alamos Gold has a 1 year low of C$15.28 and a 1 year high of C$34.42. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06. The company has a market capitalization of C$9.56 billion, a P/E ratio of 38.48, a P/E/G ratio of -2.10 and a beta of 1.10.

Insider Buying and Selling at Alamos Gold

In other news, Director David Alexander Fleck bought 2,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average price of C$26.85 per share, with a total value of C$53,700.00. Insiders own 0.27% of the company’s stock.

About Alamos Gold

Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: the Young-Davidson Mine in Canada and the Mulatos and El Chanate Mines in Sonora, Mexico. The Young-Davidson mine is the group’s largest revenue contributor, and the property also holds mineral leases and claims covering approximately 11,000 acres.