National Bank Financial Upgrades Alamos Gold (TSE:AGI) to Strong-Buy

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI was upgraded by equities researchers at National Bank Financial from a "hold" rating to a "strong-buy" rating in a report issued on Monday,Zacks.com reports.

A number of other research firms have also issued reports on AGI. BMO Capital Markets boosted their price objective on Alamos Gold from C$27.00 to C$31.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. National Bankshares upgraded Alamos Gold from a "sector perform" rating to an "outperform" rating and set a C$35.00 price objective for the company in a research report on Tuesday. Finally, CIBC boosted their price objective on Alamos Gold from C$38.00 to C$40.00 in a research report on Monday. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$26.50.

Alamos Gold Stock Performance

Shares of AGI traded up C$0.27 during mid-day trading on Monday, hitting C$27.54. The stock had a trading volume of 898,458 shares, compared to its average volume of 716,102. The company has a market cap of C$11.56 billion, a PE ratio of 40.10, a PEG ratio of -2.10 and a beta of 1.10. The company's fifty day simple moving average is C$27.09 and its two-hundred day simple moving average is C$24.84. The company has a quick ratio of 1.06, a current ratio of 3.04 and a debt-to-equity ratio of 0.04. Alamos Gold has a fifty-two week low of C$15.27 and a fifty-two week high of C$29.66.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.30 by C($0.04). Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. The company had revenue of C$492.35 million for the quarter. On average, equities analysts expect that Alamos Gold will post 1.4774775 earnings per share for the current year.

Insider Transactions at Alamos Gold

In related news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the business's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$28.66, for a total transaction of C$45,569.40. Following the completion of the transaction, the insider now owns 374 shares of the company's stock, valued at approximately C$10,718.84. The trade was a 80.96 % decrease in their position. Also, Senior Officer John Michael Fitzgerald sold 20,456 shares of the business's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$27.73, for a total value of C$567,150.78. 0.27% of the stock is owned by insiders.

About Alamos Gold

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.