Alamos Gold Inc. (TSE:AGI) Receives C$36.54 Average Target Price from Analysts

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has earned a consensus recommendation of “Buy” from the seven analysts that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$38.83.

Several analysts have recently weighed in on the company. National Bank Financial raised Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. TD Securities lifted their target price 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. CIBC upped their price target on Alamos Gold from C$44.00 to C$46.00 in a research report on Friday, February 21st. 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. Finally, Canaccord Genuity Group upped their price target on shares of Alamos Gold from C$39.00 to C$44.00 and gave the stock a “buy” rating in a research report on Monday.

Alamos Gold Stock Up 7.3 %

Shares of AGI opened at C$37.48 on Friday. Alamos Gold has a 52 week low of C$19.63 and a 52 week high of C$38.98. The firm has a market capitalization of C$11.09 billion, a P/E ratio of 44.63, a P/E/G ratio of -2.10 and a beta of 1.10. The company has a 50-day simple moving average of C$34.65 and a 200-day simple moving average of C$29.93. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62.

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.