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

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has earned an average recommendation of “Buy” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$26.50.

A number of equities analysts recently issued reports on the stock. National Bank Financial upgraded shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. BMO Capital Markets upped their target price on shares of Alamos Gold from C$27.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. CIBC raised their price target on shares of Alamos Gold from C$38.00 to C$40.00 in a research report on Monday, December 2nd. Finally, National Bankshares upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price objective for the company in a report on Tuesday, December 3rd.

Insider Transactions at Alamos Gold

In other Alamos Gold news, Director David Alexander Fleck acquired 2,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average price of C$26.85 per share, for a total transaction of C$53,700.00. Company insiders own 0.27% of the company’s stock.

Alamos Gold Price Performance

AGI stock opened at C$26.39 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 3.04. The firm has a 50 day moving average price of C$27.07 and a 200-day moving average price of C$25.32. Alamos Gold has a 52-week low of C$15.27 and a 52-week high of C$29.66. The firm has a market capitalization of C$11.08 billion, a price-to-earnings ratio of 38.81, a PEG ratio of -2.10 and a beta of 1.10.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings data 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 company had revenue of C$492.35 million for the quarter. Equities research analysts forecast that Alamos Gold will post 1.4774775 EPS for the current fiscal year.

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.