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

Alamos Gold Inc. (TSE:AGIGet Free Report) (NYSE:AGI) has been assigned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$33.41.

AGI has been the topic of a number of recent analyst reports. National Bankshares raised Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price objective on the stock in a research note on Tuesday, December 3rd. National Bank Financial raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Canaccord Genuity Group boosted their price target on Alamos Gold from C$35.00 to C$39.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. TD Securities boosted their price target on Alamos Gold from C$35.00 to C$37.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, CIBC boosted their price target on Alamos Gold from C$44.00 to C$46.00 in a research note on Friday, February 21st.

Check Out Our Latest Stock Report on AGI

Insider Transactions at Alamos Gold

In other news, Director David Alexander Fleck bought 2,000 shares of the stock in a transaction dated 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 owned by insiders.

Alamos Gold Price Performance

Alamos Gold stock opened at C$36.14 on Tuesday. The stock’s 50 day moving average is C$31.25 and its 200 day moving average is C$28.41. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06. The firm has a market cap of C$10.69 billion, a P/E ratio of 43.03, a P/E/G ratio of -2.10 and a beta of 1.10. Alamos Gold has a one year low of C$17.72 and a one year high of C$36.54.

About Alamos Gold

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Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: the Young-Davidson Mine in Canada and the Mulatos and El Chanate Mines in Sonora, Mexico. The Young-Davidson mine is the group’s largest revenue contributor, and the property also holds mineral leases and claims covering approximately 11,000 acres.

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Analyst Recommendations for Alamos Gold (TSE:AGI)

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