Brokerages Set Alamos Gold Inc. (TSE:AGI) Target Price at C$26.50

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has been given a consensus recommendation of “Buy” by the ten analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$26.50.

A number of research firms have recently commented on AGI. CIBC lifted their price target on shares of Alamos Gold from C$38.00 to C$40.00 in a research report on Monday, December 2nd. National Bank Financial raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. BMO Capital Markets raised their price objective on shares of Alamos Gold from C$27.00 to C$31.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, National Bankshares upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 target price for the company in a research report on Tuesday, December 3rd.

Insider Buying and Selling at Alamos Gold

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

Alamos Gold Stock Performance

Shares of AGI stock opened at C$26.47 on Thursday. The company has a market capitalization of C$11.11 billion, a price-to-earnings ratio of 38.93, a P/E/G ratio of -2.10 and a beta of 1.10. Alamos Gold has a 1-year low of C$15.27 and a 1-year high of C$29.66. 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 stock’s fifty day simple moving average is C$27.02 and its 200-day simple moving average is C$25.36.

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

About Alamos Gold

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.