Brokerages Set Alamos Gold Inc. (TSE:AGI) Target Price at C$26.50

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has been given a consensus rating of “Buy” by the ten research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$26.50.

AGI has been the subject of a number of research analyst reports. National Bankshares upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price target for the company in a report on Tuesday, December 3rd. BMO Capital Markets increased their target price on shares of Alamos Gold from C$27.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. 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. Finally, CIBC increased their price objective on shares of Alamos Gold from C$38.00 to C$40.00 in a research report on Monday, December 2nd.

Insiders Place Their Bets

In related news, Director David Alexander Fleck acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average price of C$26.85 per share, for a total transaction of C$53,700.00. Insiders own 0.27% of the company’s stock.

Alamos Gold Stock Up 2.2 %

TSE AGI opened at C$26.52 on Thursday. The business’s fifty day simple moving average is C$26.85 and its 200-day simple moving average is C$25.48. The company has a quick ratio of 1.06, a current ratio of 3.04 and a debt-to-equity ratio of 0.04. The firm has a market cap of C$11.13 billion, a PE ratio of 39.00, a P/E/G ratio of -2.10 and a beta of 1.10. Alamos Gold has a 52 week low of C$15.27 and a 52 week high of C$29.66.

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

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.