Alamos Gold Inc. (TSE:AGI) Receives Consensus Recommendation of "Buy" from Analysts

Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI has been given a consensus recommendation of "Buy" by the eight research firms that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$28.78.

AGI has been the topic of several research analyst reports. CIBC upped 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 Bank Financial upgraded Alamos Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Finally, National Bankshares raised 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.

Alamos Gold Price Performance

Shares of AGI traded down C$1.12 during trading hours on Friday, hitting C$31.58. The stock had a trading volume of 2,123,586 shares, compared to its average volume of 674,896. The stock has a market capitalization of C$9.34 billion, a price-to-earnings ratio of 37.60, a P/E/G ratio of -2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06. The company's fifty day moving average is C$28.65 and its two-hundred day moving average is C$27.18. Alamos Gold has a 52 week low of C$15.28 and a 52 week high of C$33.03.

Insider Buying and Selling

In other Alamos Gold 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 currently owned by corporate insiders.

Alamos Gold Company Profile

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.