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

Alamos Gold Inc. (TSE:AGI) (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.

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

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.