Alamos Gold (TSE:AGI) Reaches New 12-Month High – What’s Next?

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) hit a new 52-week high on Thursday . The stock traded as high as C$39.56 and last traded at C$38.97, with a volume of 628284 shares traded. The stock had previously closed at C$37.48.

Analysts Set New Price Targets

Several equities research analysts recently commented on AGI shares. Canaccord Genuity Group boosted their price target on shares of Alamos Gold from C$39.00 to C$44.00 and gave the stock a “buy” rating in a report on Monday. National Bank Financial raised Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. National Bankshares lifted their price target on shares of Alamos Gold from C$38.00 to C$46.00 and gave the company an “outperform” rating in a research report on Wednesday, March 19th. CIBC increased their price objective on shares of Alamos Gold from C$44.00 to C$46.00 in a research report on Friday, February 21st. Finally, TD Securities boosted their target price on Alamos Gold from C$35.00 to C$37.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$38.83.

Alamos Gold Stock Performance

The stock has a 50-day moving average price of C$34.65 and a 200 day moving average price of C$29.93. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48. The firm has a market capitalization of C$11.57 billion, a price-to-earnings ratio of 46.59, a P/E/G ratio of -2.10 and a beta of 1.10.

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.