Alamos Gold (TSE:AGI) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective hoisted by analysts at Canaccord Genuity Group from C$35.00 to C$39.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 17.97% from the stock’s previous close.

AGI has been the topic of a number of other reports. National Bank Financial raised shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. CIBC lifted their price objective on shares of Alamos Gold from C$44.00 to C$46.00 in a research note on Friday, February 21st. Finally, National Bankshares upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 target price on the stock in a research report on Tuesday, December 3rd. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Alamos Gold has an average rating of “Buy” and an average target price of C$33.41.

Alamos Gold Stock Performance

Shares of TSE:AGI opened at C$33.06 on Thursday. The company’s 50 day simple moving average is C$29.54 and its 200 day simple moving average is C$27.65. The stock has a market capitalization of C$9.78 billion, a price-to-earnings ratio of 39.36, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06. Alamos Gold has a 1 year low of C$15.94 and a 1 year high of C$34.42.

Insider Transactions at Alamos Gold

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

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.