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

Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI has been assigned a consensus recommendation of "Buy" from the ten research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$26.50.

AGI has been the topic of several research analyst reports. National Bank Financial raised Alamos Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. CIBC increased their price objective on shares of Alamos Gold from C$38.00 to C$40.00 in a research note 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 target on the stock in a research note on Tuesday, December 3rd. Finally, BMO Capital Markets upped their price objective on 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.

Alamos Gold Price Performance

Shares of Alamos Gold stock remained flat at C$26.39 on Thursday. The company's stock had a trading volume of 100,664 shares, compared to its average volume of 719,099. Alamos Gold has a twelve month low of C$15.27 and a twelve month high of C$29.66. The company's 50 day moving average price is C$27.06 and its two-hundred day moving average price is C$25.35. 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 company has a market cap of C$11.08 billion, a P/E ratio of 38.81, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI last released its quarterly earnings data 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 during the quarter. Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. As a group, research analysts predict that Alamos Gold will post 1.4774775 EPS for the current year.

Insider Activity

In related news, Director David Alexander Fleck bought 2,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average cost of C$26.85 per share, with a total value of C$53,700.00. Company insiders own 0.27% of the company's stock.

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.