National Bankshares Issues Positive Forecast for Alamos Gold (TSE:AGI) Stock Price

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price hoisted by research analysts at National Bankshares from C$38.00 to C$46.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 23.16% from the stock’s current price.

AGI has been the topic of several other reports. TD Securities upped 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 report on Friday, February 28th. Canaccord Genuity Group upped their price objective on shares of Alamos Gold from C$35.00 to C$39.00 and gave the company a “buy” rating in a report on Thursday, February 27th. CIBC upped their price objective on shares of Alamos Gold from C$44.00 to C$46.00 in a report on Friday, February 21st. Finally, National Bank Financial raised shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Alamos Gold has an average rating of “Buy” and an average target price of C$34.78.

Alamos Gold Price Performance

TSE AGI opened at C$37.35 on Wednesday. The company has a market cap of C$11.05 billion, a PE ratio of 44.47, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. Alamos Gold has a 52 week low of C$18.27 and a 52 week high of C$37.78. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48. The firm’s 50-day simple moving average is C$32.04 and its two-hundred day simple moving average is C$28.69.

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.