CIBC Boosts Alamos Gold (TSE:AGI) Price Target to C$46.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price hoisted by research analysts at CIBC from C$44.00 to C$46.00 in a research report issued on Friday,BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 42.33% from the company’s previous close.

AGI has been the topic of several other reports. National Bank Financial upgraded Alamos Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. National Bankshares upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price objective on the stock in a research note on Tuesday, December 3rd. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$29.53.

Alamos Gold Stock Down 2.1 %

TSE:AGI opened at C$32.32 on Friday. The stock has a market capitalization of C$9.56 billion, a price-to-earnings ratio of 38.48, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48. Alamos Gold has a 52 week low of C$15.28 and a 52 week high of C$34.42. The stock’s fifty day moving average is C$29.02 and its two-hundred day moving average is C$27.42.

Insider Activity at Alamos Gold

In other Alamos Gold news, Director David Alexander Fleck bought 2,000 shares of the company’s stock in a transaction that occurred 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. 0.27% of the stock is currently owned by corporate insiders.

About Alamos Gold

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.