National Bankshares Forecasts Strong Price Appreciation for Alamos Gold (TSE:AGI) Stock

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price boosted by investment analysts at National Bankshares from C$64.00 to C$68.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 32.42% from the stock’s current price.

Other analysts have also recently issued reports about the company. Desjardins set a C$64.00 target price on Alamos Gold and gave the company a “buy” rating in a report on Friday, November 28th. BMO Capital Markets upped their price objective on shares of Alamos Gold from C$48.00 to C$51.00 in a report on Tuesday, September 16th. TD Securities reduced their target price on shares of Alamos Gold from C$56.00 to C$55.00 in a research note on Monday, November 3rd. CIBC boosted their target price on shares of Alamos Gold from C$55.00 to C$74.00 in a report on Friday, October 10th. Finally, Bank of America raised their price target on shares of Alamos Gold from C$55.00 to C$60.00 in a report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$60.13.

Alamos Gold Stock Performance

AGI opened at C$51.35 on Tuesday. Alamos Gold has a twelve month low of C$25.69 and a twelve month high of C$53.13. The firm has a market capitalization of C$21.60 billion, a PE ratio of 40.12, a PEG ratio of -2.10 and a beta of 0.77. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48. The firm’s 50-day moving average price is C$47.20 and its 200 day moving average price is C$41.64.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its earnings results on Wednesday, October 29th. The company reported C$0.65 earnings per share for the quarter. Alamos Gold had a return on equity of 7.84% and a net margin of 19.89%.The business had revenue of C$643.72 million for the quarter. As a group, sell-side analysts expect that Alamos Gold will post 1.4774775 EPS for the current fiscal year.

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.