Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$37.88 and last traded at C$37.50, with a volume of 388303 shares traded. The stock had previously closed at C$36.75.
Wall Street Analyst Weigh In
AGI has been the topic of a number of analyst reports. National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Canaccord Genuity Group boosted their price target on Alamos Gold from C$35.00 to C$39.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. National Bankshares raised their price objective on Alamos Gold from C$38.00 to C$46.00 and gave the company an "outperform" rating in a research note on Wednesday, March 19th. CIBC boosted their target price on Alamos Gold from C$44.00 to C$46.00 in a research note on Friday, February 21st. Finally, TD Securities increased their target price on shares of Alamos Gold from C$35.00 to C$37.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Alamos Gold has an average rating of "Buy" and a consensus target price of C$34.78.
Get Our Latest Report on AGI
Alamos Gold Price Performance
The company has a 50 day moving average price of C$33.17 and a 200-day moving average price of C$29.24. The company has a market cap of C$11.26 billion, a price-to-earnings ratio of 45.33, a P/E/G ratio of -2.10 and a beta of 1.10. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48.
About Alamos Gold
(
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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.
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