Alamos Gold (TSE:AGI) Shares Cross Above 200 Day Moving Average – Should You Sell?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$29.40 and traded as high as C$38.72. Alamos Gold shares last traded at C$38.31, with a volume of 832,053 shares traded.

Analyst Upgrades and Downgrades

AGI has been the subject of several recent research reports. National Bank Financial upgraded Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. TD Securities raised their price objective on shares of Alamos Gold from C$35.00 to C$37.00 and gave the company a “buy” rating in a research report on Friday, February 28th. National Bankshares lifted their target price on shares of Alamos Gold from C$38.00 to C$46.00 and gave the company an “outperform” rating in a research note on Wednesday, March 19th. Canaccord Genuity Group increased their price target on shares of Alamos Gold from C$35.00 to C$39.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, CIBC raised their price target on shares of Alamos Gold from C$44.00 to C$46.00 in a report on Friday, February 21st. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$36.54.

Alamos Gold Stock Performance

The company has a market cap of C$11.33 billion, a price-to-earnings ratio of 45.61, a P/E/G ratio of -2.10 and a beta of 1.10. 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 fifty day simple moving average of C$33.57 and a 200 day simple moving average of C$29.40.

Alamos Gold Company Profile

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.