Alamos Gold (TSE:AGI - Free Report) NYSE: AGI had its target price upped by Canaccord Genuity Group from C$35.00 to C$39.00 in a report released on Thursday morning,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.
Several other equities research analysts have also issued reports on AGI. CIBC raised their price target on shares of Alamos Gold from C$44.00 to C$46.00 in a research note on Friday, February 21st. National Bankshares raised shares of Alamos Gold from a "sector perform" rating to an "outperform" rating and set a C$35.00 price objective for the company in a report on Tuesday, December 3rd. Finally, National Bank Financial raised shares of Alamos Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of C$33.41.
Get Our Latest Analysis on Alamos Gold
Alamos Gold Stock Performance
Shares of AGI stock traded up C$0.39 during trading hours on Thursday, hitting C$33.45. 1,191,988 shares of the company were exchanged, compared to its average volume of 762,250. The firm has a fifty day simple moving average of C$29.67 and a 200 day simple moving average of C$27.78. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48. Alamos Gold has a 52-week low of C$16.81 and a 52-week high of C$34.42. The stock has a market capitalization of C$9.89 billion, a price-to-earnings ratio of 39.83, a P/E/G ratio of -2.10 and a beta of 1.10.
Insider Buying and Selling at Alamos Gold
In related news, Director David Alexander Fleck acquired 2,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were purchased 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.
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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