Alamos Gold (TSE:AGI) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$56.84 and traded as high as C$57.74. Alamos Gold shares last traded at C$55.32, with a volume of 1,260,132 shares traded.

Analyst Upgrades and Downgrades

AGI has been the topic of several recent analyst reports. Haywood Securities cut their price target on shares of Alamos Gold from C$77.50 to C$71.50 in a report on Friday, February 6th. Bank of America boosted their target price on shares of Alamos Gold from C$67.00 to C$78.50 in a research report on Thursday, February 26th. TD upped their target price on shares of Alamos Gold from C$70.00 to C$78.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Desjardins increased their price target on shares of Alamos Gold from C$70.00 to C$80.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Finally, Stifel Nicolaus lifted their price target on Alamos Gold from C$65.00 to C$80.00 in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat.com, Alamos Gold has a consensus rating of “Buy” and an average price target of C$76.20.

Alamos Gold Trading Down 7.2%

The company has a quick ratio of 1.06, a current ratio of 1.74 and a debt-to-equity ratio of 4.77. The firm’s 50 day moving average is C$61.55 and its two-hundred day moving average is C$56.84. The stock has a market cap of C$23.23 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of -2.10 and a beta of 1.78.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its earnings results on Wednesday, April 29th. The company reported C$0.76 EPS for the quarter. The company had revenue of C$829.59 million during the quarter. Alamos Gold had a return on equity of 25.24% and a net margin of 51.42%. Equities analysts anticipate that Alamos Gold Inc. will post 1.4774775 EPS for the current year.

About Alamos Gold

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.