National Bankshares Lowers Alamos Gold (TSE:AGI) Price Target to C$26.50

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target dropped by investment analysts at National Bankshares from C$27.00 to C$26.50 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 26.73% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Desjardins decreased their price objective on shares of Alamos Gold from C$19.50 to C$18.75 and set a “hold” rating on the stock in a research note on Friday, January 12th. Jefferies Financial Group set a C$14.00 price objective on shares of Alamos Gold and gave the stock a “buy” rating in a research note on Thursday, February 29th. Royal Bank of Canada raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$12.00 to C$16.00 in a research note on Thursday, January 11th. Canaccord Genuity Group increased their price target on shares of Alamos Gold from C$23.00 to C$25.00 in a research note on Tuesday, April 23rd. Finally, TD Securities increased their price target on shares of Alamos Gold from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$22.55.

Alamos Gold Stock Performance

TSE:AGI opened at C$20.91 on Friday. Alamos Gold has a 12-month low of C$14.80 and a 12-month high of C$22.00. The company has a quick ratio of 1.06, a current ratio of 2.36 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of C$8.30 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of -2.10 and a beta of 0.97. The firm has a 50-day moving average price of C$18.75 and a 200 day moving average price of C$17.96.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings data on Wednesday, April 24th. The company reported C$0.18 earnings per share for the quarter, hitting the consensus estimate of C$0.18. The firm had revenue of C$374.24 million for the quarter. Alamos Gold had a net margin of 20.52% and a return on equity of 7.44%. Research analysts anticipate that Alamos Gold will post 0.7762158 earnings per share for the current fiscal year.

Insider Activity at Alamos Gold

In related news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$18.66, for a total value of C$559,737.00. 0.29% of the stock is currently owned by company insiders.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.