Brokerages Set Alamos Gold Inc. (TSE:AGI) Price Target at C$76.20

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has received an average rating of “Buy” from the five ratings firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$76.20.

AGI has been the subject of several research analyst reports. Canaccord Genuity Group lifted their price objective on Alamos Gold from C$72.00 to C$80.00 in a research report on Wednesday, April 8th. TD lifted their price objective on Alamos Gold from C$70.00 to C$78.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. National Bank Financial cut their price objective on Alamos Gold from C$88.00 to C$87.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Bank of America lifted their price objective on Alamos Gold from C$67.00 to C$78.50 in a research report on Thursday, February 26th. Finally, Canadian Imperial Bank of Commerce boosted their target price on Alamos Gold from C$80.00 to C$90.00 in a research report on Thursday, February 26th.

Alamos Gold Trading Up 3.1%

Shares of AGI opened at C$44.10 on Friday. The stock has a fifty day moving average price of C$54.83 and a two-hundred day moving average price of C$57.77. The company has a debt-to-equity ratio of 4.77, a quick ratio of 1.06 and a current ratio of 1.74. Alamos Gold has a 52-week low of C$33.11 and a 52-week high of C$75.78. The company has a market cap of C$18.52 billion, a price-to-earnings ratio of 17.57, a PEG ratio of -2.10 and a beta of 1.73.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$0.76 earnings per share (EPS) for the quarter. Alamos Gold had a return on equity of 25.24% and a net margin of 51.42%.The firm had revenue of C$829.59 million during the quarter. Analysts predict that Alamos Gold will post 1.4774775 EPS 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.