Alamos Gold (TSE:AGI) Hits New 12-Month High – Time to Buy?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) shares hit a new 52-week high on Tuesday . The stock traded as high as C$36.99 and last traded at C$36.92, with a volume of 1285566 shares. The stock had previously closed at C$36.14.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. TD Securities lifted their price objective on shares of Alamos Gold from C$35.00 to C$37.00 and gave the company a “buy” rating in a report on Friday, February 28th. CIBC lifted their price target on shares of Alamos Gold from C$44.00 to C$46.00 in a research note on Friday, February 21st. Canaccord Genuity Group increased their price objective on shares of Alamos Gold from C$35.00 to C$39.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. National Bank Financial raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, National Bankshares raised Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price target for the company in a research report on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Alamos Gold presently has a consensus rating of “Buy” and a consensus price target of C$33.41.

Alamos Gold Price Performance

The business has a fifty day moving average of C$31.46 and a 200 day moving average of C$28.49. The firm has a market cap of C$10.92 billion, a P/E ratio of 43.96, a PEG ratio of -2.10 and a beta of 1.10. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48.

Insider Transactions at Alamos Gold

In related news, Director David Alexander Fleck bought 2,000 shares of Alamos Gold stock in a transaction that occurred 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. 0.27% of the stock is currently owned by corporate insiders.

Alamos Gold Company Profile

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.