Alamos Gold Inc. (TSE:AGI) Given Average Rating of “Buy” by Brokerages

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have been given a consensus recommendation of “Buy” by the six analysts that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$60.13.

A number of equities research analysts have recently commented on the stock. National Bankshares upped their price objective on shares of Alamos Gold from C$64.00 to C$68.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. Bank of America boosted their target price on shares of Alamos Gold from C$55.00 to C$60.00 in a report on Thursday, October 16th. Stifel Nicolaus upped their price target on shares of Alamos Gold from C$48.00 to C$65.00 in a research report on Monday, October 20th. Desjardins set a C$64.00 price objective on Alamos Gold and gave the stock a “buy” rating in a research report on Friday, November 28th. Finally, BMO Capital Markets boosted their price objective on Alamos Gold from C$48.00 to C$51.00 in a research note on Tuesday, September 16th.

Alamos Gold Trading Down 3.2%

Shares of AGI stock opened at C$53.27 on Tuesday. Alamos Gold has a 1-year low of C$25.69 and a 1-year high of C$56.14. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48. The stock has a market cap of C$22.36 billion, a price-to-earnings ratio of 41.62, a PEG ratio of -2.10 and a beta of 0.77. The stock has a 50-day moving average of C$48.60 and a 200-day moving average of C$43.23.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its earnings results on Wednesday, October 29th. The company reported C$0.65 EPS for the quarter. The business had revenue of C$643.72 million for the quarter. Alamos Gold had a return on equity of 7.84% and a net margin of 19.89%. On average, equities research analysts forecast that Alamos Gold will post 1.4774775 earnings per share for the current year.

Alamos Gold Company Profile

Alamos is a Canadian-based intermediate gold producer with diversified production from three operations in North America. This includes the Island Gold District and Young-Davidson mine in northern Ontario, Canada, and the Mulatos District in Sonora State, Mexico. Additionally, the Company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development.