David Alexander Fleck Buys 2,000 Shares of Alamos Gold Inc. (TSE:AGI) Stock

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) Director David Alexander Fleck acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average cost of C$26.85 per share, for a total transaction of C$53,700.00.

Alamos Gold Price Performance

TSE AGI opened at C$26.06 on Friday. The firm’s fifty day simple moving average is C$27.09 and its two-hundred day simple moving average is C$25.24. The company has a current ratio of 3.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. Alamos Gold Inc. has a 12-month low of C$15.27 and a 12-month high of C$29.66. The firm has a market capitalization of C$10.94 billion, a P/E ratio of 38.32, a P/E/G ratio of -2.10 and a beta of 1.10.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on AGI. National Bank Financial raised shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. National Bankshares raised 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 report on Tuesday, December 3rd. BMO Capital Markets lifted their price objective on shares of 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 lifted their price objective on shares of Alamos Gold from C$38.00 to C$40.00 in a report on Monday, December 2nd. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$26.50.

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.