Analysts Set Alamos Gold Inc. (TSE:AGI) PT at C$33.41

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have received an average recommendation of “Buy” from the eight research firms that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$33.41.

AGI has been the topic of a number of recent research reports. TD Securities raised their price objective on Alamos Gold from C$35.00 to C$37.00 and gave the company a “buy” rating in a research report on Friday, February 28th. CIBC raised their price target on shares of Alamos Gold from C$44.00 to C$46.00 in a report on Friday, February 21st. National Bankshares upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price objective for the company in a research note on Tuesday, December 3rd. National Bank Financial upgraded shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, Canaccord Genuity Group lifted their price target on shares of Alamos Gold from C$35.00 to C$39.00 and gave the stock a “buy” rating in a report on Thursday, February 27th.

Insiders Place Their Bets

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

Alamos Gold Stock Up 1.9 %

Shares of TSE AGI opened at C$35.94 on Tuesday. Alamos Gold has a 12-month low of C$17.72 and a 12-month high of C$36.41. The stock’s fifty day simple moving average is C$30.92 and its two-hundred day simple moving average is C$28.28. The stock has a market capitalization of C$10.63 billion, a PE ratio of 42.79, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48.

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.