Canaccord Genuity Group Issues Positive Forecast for Alamos Gold (TSE:AGI) Stock Price

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target upped by Canaccord Genuity Group from C$35.00 to C$39.00 in a research note published on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research firms also recently weighed in on AGI. CIBC boosted their price objective on shares of Alamos Gold from C$44.00 to C$46.00 in a report on Friday, February 21st. National Bankshares raised shares of 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 note on Tuesday, December 3rd. Finally, National Bank Financial upgraded shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Seven investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Alamos Gold presently has a consensus rating of “Buy” and an average price target of C$30.58.

Alamos Gold Price Performance

TSE:AGI opened at C$32.69 on Thursday. Alamos Gold has a 52-week low of C$15.43 and a 52-week high of C$34.42. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62. The firm has a market capitalization of C$9.67 billion, a price-to-earnings ratio of 38.92, a P/E/G ratio of -2.10 and a beta of 1.10. The stock has a fifty day moving average of C$29.41 and a 200 day moving average of C$27.62.

Insider Buying and Selling at Alamos Gold

In other Alamos Gold news, Director David Alexander Fleck acquired 2,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were acquired at an average price of C$26.85 per share, for a total transaction of C$53,700.00. Insiders own 0.27% of the company’s stock.

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.