Brokerages Set Alamos Gold Inc. (TSE:AGI) Target Price at C$28.78

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has received a consensus recommendation of “Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$28.78.

A number of analysts have recently issued reports on AGI shares. CIBC raised their price objective on Alamos Gold from C$38.00 to C$40.00 in a research report on Monday, December 2nd. National Bankshares raised Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price target for the company in a report on Tuesday, December 3rd. Finally, National Bank Financial raised shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd.

Alamos Gold Stock Performance

TSE AGI opened at C$29.03 on Monday. The firm has a market capitalization of C$12.18 billion, a P/E ratio of 42.69, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The company has a current ratio of 3.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average price is C$26.95 and its two-hundred day moving average price is C$26.16. Alamos Gold has a 1 year low of C$15.27 and a 1 year high of C$29.66.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.04). Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. The firm had revenue of C$492.35 million during the quarter. As a group, research analysts anticipate that Alamos Gold will post 1.4774775 EPS for the current year.

Insider Transactions at Alamos Gold

In related news, Director David Alexander Fleck purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average cost of C$26.85 per share, for a total transaction of C$53,700.00. Insiders own 0.27% of the company’s stock.

About Alamos Gold

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.