Alamos Gold (TSE:AGI) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$25.50 and traded as high as C$27.74. Alamos Gold shares last traded at C$27.73, with a volume of 398,562 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AGI shares. National Bank Financial raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. National Bankshares upgraded 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. BMO Capital Markets raised their price target on Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, CIBC increased their price objective on Alamos Gold from C$38.00 to C$40.00 in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Alamos Gold has a consensus rating of “Buy” and a consensus price target of C$26.50.

Alamos Gold Trading Up 4.6 %

The firm has a fifty day moving average of C$26.82 and a 200-day moving average of C$25.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 3.04. The stock has a market capitalization of C$11.64 billion, a price-to-earnings ratio of 40.78, a P/E/G ratio of -2.10 and a beta of 1.10.

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

Insider Buying and Selling at Alamos Gold

In other news, Director David Alexander Fleck purchased 2,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of C$26.85 per share, for a total transaction of C$53,700.00. 0.27% of the stock is currently owned by corporate insiders.

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.