Alamos Gold (TSE:AGI) Stock Price Expected to Rise, National Bankshares Analyst Says

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price boosted by investment analysts at National Bankshares from C$68.00 to C$75.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 33.98% from the stock’s current price.

Several other research firms have also recently weighed in on AGI. Desjardins set a C$64.00 target price on Alamos Gold and gave the stock a “buy” rating in a research note on Friday, November 28th. TD Securities cut their price objective on shares of Alamos Gold from C$56.00 to C$55.00 in a report on Monday, November 3rd. BMO Capital Markets boosted their price objective on shares of Alamos Gold from C$48.00 to C$51.00 in a research report on Tuesday, September 16th. Bank of America increased their target price on shares of Alamos Gold from C$55.00 to C$60.00 in a research report on Thursday, October 16th. Finally, CIBC lifted their price target on shares of Alamos Gold from C$55.00 to C$74.00 in a research note on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat, Alamos Gold has an average rating of “Buy” and a consensus target price of C$61.00.

Alamos Gold Stock Down 6.2%

Alamos Gold stock opened at C$55.98 on Wednesday. The company has a market capitalization of C$23.50 billion, a PE ratio of 43.73, a price-to-earnings-growth ratio of -2.10 and a beta of 0.90. 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 has a fifty-two week low of C$27.51 and a fifty-two week high of C$60.86. The firm has a 50 day moving average price of C$51.81 and a 200 day moving average price of C$44.92.

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

Alamos Gold Company Profile

Alamos is a Canadian-based intermediate gold producer with diversified production from three operations in North America. This includes the Island Gold District and Young-Davidson mine in northern Ontario, Canada, and the Mulatos District in Sonora State, Mexico. Additionally, the Company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development.