Alamos Gold (TSE:AGI) Stock Price Expected to Rise, CIBC Analyst Says

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective upped by equities researchers at CIBC from C$38.00 to C$40.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 46.68% from the company’s previous close.

A number of other equities research analysts also recently issued reports on AGI. National Bank Financial downgraded shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. National Bankshares lifted their price target on shares of Alamos Gold from C$28.00 to C$30.00 and gave the stock a “hold” rating in a research note on Monday, September 16th. Finally, BMO Capital Markets boosted their price objective on Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$26.50.

Alamos Gold Price Performance

TSE AGI opened at C$27.27 on Monday. 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 company has a market capitalization of C$11.45 billion, a price-to-earnings ratio of 40.10, a PEG ratio of -2.10 and a beta of 1.10. The stock has a 50-day moving average of C$27.09 and a 200 day moving average of C$24.84. Alamos Gold has a one year low of C$15.27 and a one year high of C$29.66.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.30 by C($0.04). Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. The firm had revenue of C$492.35 million during the quarter. On average, sell-side analysts forecast that Alamos Gold will post 1.4774775 EPS for the current year.

Insider Buying and Selling at Alamos Gold

In other Alamos Gold news, Senior Officer John Michael Fitzgerald sold 20,456 shares of Alamos Gold stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$27.73, for a total value of C$567,150.78. Also, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of C$28.66, for a total value of C$45,569.40. Following the completion of the transaction, the insider now owns 374 shares in the company, valued at C$10,718.84. The trade was a 80.96 % decrease in their ownership of the stock. Company 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.