Alamos Gold Inc. (TSE:AGI) Receives C$28.78 Average Price Target from Analysts

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has been given a consensus rating of “Buy” by the eight research firms that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$28.78.

AGI has been the topic of a number of research analyst reports. CIBC raised their target price on Alamos Gold from C$38.00 to C$40.00 in a report on Monday, December 2nd. National Bankshares upgraded shares of 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. Finally, National Bank Financial raised shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd.

Insider Activity at Alamos Gold

In other news, Director David Alexander Fleck bought 2,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were bought 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 owned by company insiders.

Alamos Gold Stock Up 1.5 %

Shares of Alamos Gold stock opened at C$29.03 on Monday. The stock has a 50-day simple moving average of C$26.95 and a 200-day simple moving average of C$26.16. Alamos Gold has a 52-week low of C$15.27 and a 52-week high of C$29.66. The firm has a market cap of C$12.18 billion, a price-to-earnings ratio of 42.69, a P/E/G ratio of -2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.04 and a quick ratio of 1.06.

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

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.