Alamos Gold (NYSE:AGI) Price Target Raised to $30.00

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI had its price target lifted by analysts at Royal Bank of Canada from $27.00 to $30.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the basic materials company's stock. Royal Bank of Canada's price objective suggests a potential upside of 12.07% from the company's previous close.

Several other analysts have also weighed in on AGI. National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. StockNews.com lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $27.63.

Alamos Gold Trading Up 9.3 %

Shares of NYSE:AGI traded up $2.27 during trading on Friday, reaching $26.77. The stock had a trading volume of 2,987,733 shares, compared to its average volume of 2,501,369. Alamos Gold has a 52 week low of $14.31 and a 52 week high of $27.32. The firm's fifty day moving average is $24.00 and its 200 day moving average is $21.04. The stock has a market cap of $11.25 billion, a price-to-earnings ratio of 38.77, a P/E/G ratio of 0.40 and a beta of 1.02. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51.

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Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $375.80 million during the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. As a group, equities analysts forecast that Alamos Gold will post 1.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Alamos Gold

Large investors have recently added to or reduced their stakes in the business. PKO Investment Management Joint Stock Co purchased a new stake in Alamos Gold in the 4th quarter valued at $3,331,000. B. Riley Wealth Advisors Inc. grew its holdings in shares of Alamos Gold by 45.9% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 185,652 shares of the basic materials company's stock valued at $3,423,000 after acquiring an additional 58,402 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Alamos Gold by 2.0% during the fourth quarter. Mackenzie Financial Corp now owns 7,371,629 shares of the basic materials company's stock worth $135,855,000 after acquiring an additional 145,726 shares during the period. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in Alamos Gold in the fourth quarter worth $711,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Alamos Gold during the 4th quarter worth $4,260,000. Institutional investors own 64.33% of the company's stock.

Alamos Gold Company Profile

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.