Alamos Gold (TSE:AGI) Hits New 1-Year High – What’s Next?

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$64.00 and last traded at C$63.91, with a volume of 42247 shares trading hands. The stock had previously closed at C$62.80.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AGI. Canadian Imperial Bank of Commerce boosted their price objective on shares of Alamos Gold from C$74.00 to C$80.00 in a research note on Wednesday, February 4th. National Bank Financial upped their price target on Alamos Gold from C$68.00 to C$75.00 and gave the company an “outperform” rating in a research report on Wednesday, January 14th. Haywood Securities lowered their price objective on Alamos Gold from C$77.50 to C$71.50 in a research report on Friday, February 6th. TD Securities lifted their price objective on Alamos Gold from C$55.00 to C$66.00 in a research note on Thursday, January 22nd. Finally, Desjardins set a C$64.00 target price on shares of Alamos Gold and gave the company a “buy” rating in a research report on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat, Alamos Gold has an average rating of “Buy” and a consensus price target of C$65.72.

Alamos Gold Stock Performance

The stock has a market capitalization of C$25.97 billion, a price-to-earnings ratio of 48.32, a price-to-earnings-growth ratio of -2.10 and a beta of 0.85. The company has a 50 day simple moving average of C$56.12 and a 200-day simple moving average of C$48.69. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings data on Wednesday, February 18th. The company reported C$0.74 EPS for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 7.84%. The company had revenue of C$765.13 million during the quarter. As a group, equities research analysts expect that Alamos Gold Inc. will post 1.4774775 EPS for the current fiscal 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.