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

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have been given an average recommendation of “Buy” by the eight ratings firms that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$28.78.

AGI has been the topic of a number of research reports. National Bankshares upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 target price on the stock in a report on Tuesday, December 3rd. National Bank Financial raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, CIBC lifted their target price on Alamos Gold from C$38.00 to C$40.00 in a report on Monday, December 2nd.

Alamos Gold Price Performance

AGI stock opened at C$29.52 on Monday. The business’s fifty day moving average price is C$27.13 and its 200 day moving average price is C$26.21. Alamos Gold has a 12-month low of C$15.27 and a 12-month high of C$29.66. 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 company has a market capitalization of C$12.39 billion, a PE ratio of 43.41, a P/E/G ratio of -2.10 and a beta of 1.10.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly 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 return on equity of 6.72% and a net margin of 17.72%. The business had revenue of C$492.35 million for the quarter. On average, sell-side analysts anticipate that Alamos Gold will post 1.4774775 EPS for the current year.

Insider Buying and Selling at Alamos Gold

In other Alamos Gold news, Director David Alexander Fleck acquired 2,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of C$26.85 per share, with a total value of C$53,700.00. 0.27% of the stock is currently owned by insiders.

Alamos Gold Company Profile

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.