Alamos Gold Inc. (TSE:AGI) Stock Has Average Price Target of C$76.67 According to Brokerages

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has earned an average rating of “Buy” from the three ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a buy rating. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$76.67.

Several equities research analysts recently weighed in on the company. National Bank Financial increased their price target on Alamos Gold from C$76.00 to C$81.00 and gave the stock an “outperform” rating in a report on Monday, September 21st. Canadian Imperial Bank of Commerce dropped their price objective on shares of Alamos Gold from C$82.00 to C$75.00 in a research note on Thursday, July 30th.

Alamos Gold Stock Up 2.0%

AGI opened at C$46.26 on Friday. The business has a 50 day moving average price of C$47.65 and a two-hundred day moving average price of C$51.46. The company has a quick ratio of 1.05, a current ratio of 1.78 and a debt-to-equity ratio of 4.50. The company has a market cap of C$19.36 billion, a PE ratio of 16.58, a P/E/G ratio of -2.10 and a beta of 2.13. Alamos Gold has a 52 week low of C$38.03 and a 52 week high of C$75.78.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its earnings results on Wednesday, July 29th. The company reported C$0.84 earnings per share for the quarter. The company had revenue of C$844.09 million for the quarter. Alamos Gold had a return on equity of 26.10% and a net margin of 52.85%. As a group, research analysts anticipate that Alamos Gold 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.