Alamos Gold (TSE:AGI) Hits New 1-Year High – Here’s What Happened

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$56.17 and last traded at C$56.02, with a volume of 233151 shares traded. The stock had previously closed at C$54.07.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AGI shares. CIBC increased their price objective on Alamos Gold from C$55.00 to C$74.00 in a report on Friday, October 10th. BMO Capital Markets raised their price objective on shares of Alamos Gold from C$48.00 to C$51.00 in a research report on Tuesday, September 16th. Bank of America upped their target price on shares of Alamos Gold from C$55.00 to C$60.00 in a report on Thursday, October 16th. Desjardins set a C$64.00 target price on shares of Alamos Gold and gave the stock a “buy” rating in a research note on Friday, November 28th. Finally, National Bankshares boosted their price target on Alamos Gold from C$64.00 to C$68.00 and gave the company an “outperform” rating in a research report on Tuesday, December 9th. Two analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$60.13.

Alamos Gold Trading Up 1.2%

The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48. The business has a 50 day moving average price of C$50.29 and a 200-day moving average price of C$44.14. The firm has a market capitalization of C$24.22 billion, a PE ratio of 45.08, a P/E/G ratio of -2.10 and a beta of 0.90.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its earnings results on Wednesday, October 29th. The company reported C$0.65 EPS for the quarter. The company had revenue of C$643.72 million during the quarter. Alamos Gold had a return on equity of 7.84% and a net margin of 19.89%. Analysts expect that Alamos Gold Inc. will post 1.4774775 earnings per share for the current year.

About Alamos Gold

Alamos is a Canadian-based intermediate gold producer with diversified production from three operations in North America. This includes the Island Gold District and Young-Davidson mine in northern Ontario, Canada, and the Mulatos District in Sonora State, Mexico. Additionally, the Company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development.