Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI's share price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$32.32 and last traded at C$32.11, with a volume of 402948 shares changing hands. The stock had previously closed at C$30.77.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on AGI shares. National Bankshares upgraded 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. CIBC upped their target price on Alamos Gold from C$38.00 to C$40.00 in a report on Monday, December 2nd. Finally, National Bank Financial raised shares of Alamos Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$28.78.
Check Out Our Latest Analysis on Alamos Gold
Alamos Gold Price Performance
The firm has a market capitalization of C$13.31 billion, a P/E ratio of 46.62, a P/E/G ratio of -2.10 and a beta of 1.10. The stock's fifty day simple moving average is C$28.04 and its 200 day simple moving average is C$26.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.04 and a quick ratio of 1.06.
Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI last posted 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 firm had revenue of C$492.35 million for the quarter. Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. On average, equities research analysts predict that Alamos Gold Inc. will post 1.4774775 EPS for the current year.
Insider Transactions at Alamos Gold
In related news, Director David Alexander Fleck bought 2,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average cost of C$26.85 per share, for a total transaction of C$53,700.00. Insiders own 0.27% of the company's stock.
Alamos Gold Company Profile
(
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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.
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