Shares of Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$35.16 and last traded at C$34.94, with a volume of 477527 shares traded. The stock had previously closed at C$34.55.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on AGI. National Bankshares upgraded Alamos Gold from a "sector perform" rating to an "outperform" rating and set a C$35.00 price objective on the stock in a research report on Tuesday, December 3rd. TD Securities increased their price objective on Alamos Gold from C$35.00 to C$37.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. CIBC increased their price objective on Alamos Gold from C$44.00 to C$46.00 in a research report on Friday, February 21st. Canaccord Genuity Group increased their target price on Alamos Gold from C$35.00 to C$39.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, National Bank Financial raised Alamos Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$33.41.
Get Our Latest Report on AGI
Alamos Gold Stock Up 1.0 %
The stock has a 50 day moving average price of C$31.09 and a 200-day moving average price of C$28.33. The stock has a market capitalization of C$10.74 billion, a P/E ratio of 43.22, a PEG 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.
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 that occurred on Wednesday, December 18th. The shares were bought at an average cost of C$26.85 per share, with a total value of C$53,700.00. 0.27% of the stock is owned by insiders.
Alamos Gold Company Profile
(
Get Free Report)
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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