Alamos Gold Inc. (TSE:AGI) Receives Average Rating of “Buy” from Analysts

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have received a consensus recommendation of “Buy” from the four brokerages that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$76.20.

Several research analysts have weighed in on the company. Canaccord Genuity Group increased their price objective on Alamos Gold from C$72.00 to C$80.00 in a research report on Wednesday, April 8th. National Bank Financial decreased their price target on shares of Alamos Gold from C$88.00 to C$87.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Finally, TD upped their price target 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.

Alamos Gold Price Performance

Alamos Gold stock opened at C$40.85 on Tuesday. The company has a market capitalization of C$17.16 billion, a price-to-earnings ratio of 16.27, a PEG ratio of -2.10 and a beta of 1.89. The company has a current ratio of 1.74, a quick ratio of 1.05 and a debt-to-equity ratio of 4.77. Alamos Gold has a 12 month low of C$33.11 and a 12 month high of C$75.78. The stock’s 50 day moving average is C$50.47 and its 200-day moving average is C$57.00.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$0.76 earnings per share for the quarter. The business 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 research analysts expect that Alamos Gold will post 1.4774775 EPS 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.