Alamos Gold (TSE:AGI) Price Target Raised to C$80.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target lifted by Desjardins from C$70.00 to C$80.00 in a research note released on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other analysts also recently issued reports about the stock. Haywood Securities decreased their price objective on shares of Alamos Gold from C$77.50 to C$71.50 in a report on Friday, February 6th. TD Securities boosted their target price on shares of Alamos Gold from C$55.00 to C$66.00 in a research report on Thursday, January 22nd. Stifel Nicolaus raised their price target on Alamos Gold from C$65.00 to C$80.00 in a research report on Tuesday, February 10th. Canadian Imperial Bank of Commerce lifted their price objective on Alamos Gold from C$74.00 to C$80.00 in a research note on Wednesday, February 4th. Finally, National Bank Financial boosted their price objective on Alamos Gold from C$68.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$70.67.

Alamos Gold Stock Performance

Shares of TSE AGI opened at C$71.74 on Tuesday. The business’s 50-day simple moving average is C$57.78 and its 200-day simple moving average is C$49.83. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62. Alamos Gold has a 52 week low of C$31.83 and a 52 week high of C$71.79. The firm has a market cap of C$30.12 billion, a price-to-earnings ratio of 34.16, a P/E/G ratio of -2.10 and a beta of 0.85.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its earnings results on Wednesday, February 18th. The company reported C$0.74 earnings per share for the quarter. Alamos Gold had a return on equity of 7.84% and a net margin of 19.89%.The firm had revenue of C$765.13 million during the quarter. As a group, equities research analysts expect that Alamos Gold will post 1.4774775 earnings per share for the current fiscal year.

Alamos Gold Company Profile

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.