Alamos Gold (TSE:AGI) Price Target Raised to C$40.00 at CIBC

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective raised by CIBC from C$38.00 to C$40.00 in a research report released on Monday,BayStreet.CA reports.

Several other equities research analysts have also issued reports on the stock. National Bankshares boosted their price target on shares of Alamos Gold from C$28.00 to C$30.00 and gave the company a “hold” rating in a report on Monday, September 16th. National Bank Financial cut shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. Finally, BMO Capital Markets upped their price objective on Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$26.00.

Alamos Gold Price Performance

TSE AGI opened at C$25.99 on Monday. Alamos Gold has a 1 year low of C$15.27 and a 1 year high of C$29.66. The company has a fifty day simple moving average of C$27.09 and a 200 day simple moving average of C$24.80. The company has a current ratio of 3.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. The company has a market cap of C$10.91 billion, a P/E ratio of 38.22, a P/E/G ratio of -2.10 and a beta of 1.10.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.30 by C($0.04). Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. The company had revenue of C$492.35 million during the quarter. On average, sell-side analysts predict that Alamos Gold will post 1.4774775 EPS for the current year.

Insider Buying and Selling

In other Alamos Gold news, Senior Officer John Michael Fitzgerald sold 20,456 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$27.73, for a total value of C$567,150.78. Also, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$28.66, for a total value of C$45,569.40. Following the sale, the insider now owns 374 shares of the company’s stock, valued at approximately C$10,718.84. The trade was a 80.96 % decrease in their position. 0.27% of the stock is owned by corporate insiders.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.