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Alamos Gold (TSE:AGI) Reaches New 1-Year High - What's Next?

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Shares of Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$34.55 and last traded at C$34.53, with a volume of 289907 shares traded. The stock had previously closed at C$33.48.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. CIBC raised their target price on Alamos Gold from C$44.00 to C$46.00 in a research note on Friday, February 21st. TD Securities raised their target price on Alamos Gold from C$35.00 to C$37.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. National Bank Financial raised Alamos Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. Canaccord Genuity Group raised their target price on Alamos Gold from C$35.00 to C$39.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, National Bankshares raised Alamos Gold from a "sector perform" rating to an "outperform" rating and set a C$35.00 target price for the company in a research note on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Alamos Gold currently has a consensus rating of "Buy" and a consensus price target of C$33.41.

View Our Latest Stock Report on AGI

Alamos Gold Price Performance

The firm has a market capitalization of C$10.11 billion, a price-to-earnings ratio of 40.70, 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. The stock has a 50 day moving average price of C$30.44 and a two-hundred day moving average price of C$28.11.

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Insider Buying and Selling

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 purchased 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 currently 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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