Alamos Gold (TSE:AGI) Given New C$80.00 Price Target at Canaccord Genuity Group

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price boosted by Canaccord Genuity Group from C$72.00 to C$80.00 in a report released on Wednesday,BayStreet.CA reports. Canaccord Genuity Group’s target price indicates a potential upside of 21.10% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on AGI. Canadian Imperial Bank of Commerce upped their price target on shares of Alamos Gold from C$80.00 to C$90.00 in a report on Thursday, February 26th. Stifel Nicolaus upped their price target on shares of Alamos Gold from C$65.00 to C$80.00 in a report on Tuesday, February 10th. Bank of America upped their price target on shares of Alamos Gold from C$67.00 to C$78.50 in a report on Thursday, February 26th. TD Securities upped their price target on shares of Alamos Gold from C$55.00 to C$66.00 in a report on Thursday, January 22nd. Finally, National Bank Financial upped their price target on shares of Alamos Gold from C$68.00 to C$75.00 and gave the company an “outperform” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, Alamos Gold currently has a consensus rating of “Buy” and an average price target of C$74.67.

Alamos Gold Price Performance

AGI stock traded up C$1.41 during trading on Wednesday, hitting C$66.06. The company had a trading volume of 463,959 shares, compared to its average volume of 1,096,941. The firm has a market capitalization of C$27.74 billion, a price-to-earnings ratio of 31.46, a P/E/G ratio of -2.10 and a beta of 1.77. The business has a 50 day moving average of C$61.95 and a 200 day moving average of C$54.35. Alamos Gold has a fifty-two week low of C$32.90 and a fifty-two week high of C$75.78. The company has a current ratio of 1.72, a quick ratio of 1.06 and a debt-to-equity ratio of 5.27.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$0.74 earnings per share for the quarter. Alamos Gold had a net margin of 49.07% and a return on equity of 22.48%. The business had revenue of C$765.13 million during the quarter. As a group, research analysts predict 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.