Alamos Gold (TSE:AGI) Share Price Crosses Above 200-Day Moving Average - What's Next?

Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI's stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$29.40 and traded as high as C$38.72. Alamos Gold shares last traded at C$38.31, with a volume of 832,053 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AGI shares. National Bankshares increased their price objective on Alamos Gold from C$38.00 to C$46.00 and gave the stock an "outperform" rating in a report on Wednesday, March 19th. Canaccord Genuity Group lifted their price target on shares of Alamos Gold from C$35.00 to C$39.00 and gave the company a "buy" rating in a report on Thursday, February 27th. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. TD Securities lifted their price target on Alamos Gold from C$35.00 to C$37.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, CIBC upped their price objective on shares of Alamos Gold from C$44.00 to C$46.00 in a report on Friday, February 21st. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of C$36.54.

Alamos Gold Trading Down 7.9 %

The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48. The stock has a market cap of C$10.32 billion, a PE ratio of 41.55, a PEG ratio of -2.10 and a beta of 1.10. The firm has a 50 day simple moving average of C$34.03.

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Alamos Gold Company Profile

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.