Alamos Gold (TSE:AGI) Stock Price Expected to Rise, TD Securities Analyst Says

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price upped by equities researchers at TD Securities from C$55.00 to C$66.00 in a report released on Thursday,BayStreet.CA reports. TD Securities’ price objective points to a potential upside of 10.89% from the stock’s current price.

AGI has been the topic of a number of other reports. National Bankshares boosted their target price on shares of Alamos Gold from C$68.00 to C$75.00 and gave the stock an “outperform” rating in a report on Wednesday, January 14th. Desjardins set a C$64.00 price target on Alamos Gold and gave the company a “buy” rating in a report on Friday, November 28th. Bank of America increased their price objective on Alamos Gold from C$55.00 to C$60.00 in a research report on Thursday, October 16th. Stifel Nicolaus lifted their target price on Alamos Gold from C$48.00 to C$65.00 in a report on Monday, October 20th. Finally, CIBC upped their target price on Alamos Gold from C$55.00 to C$74.00 in a report on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$62.38.

Alamos Gold Trading Up 2.3%

Shares of Alamos Gold stock opened at C$59.52 on Thursday. The business has a fifty day simple moving average of C$53.07 and a 200-day simple moving average of C$45.74. Alamos Gold has a fifty-two week low of C$28.41 and a fifty-two week high of C$60.86. The firm has a market cap of C$24.99 billion, a price-to-earnings ratio of 46.50, a price-to-earnings-growth ratio of -2.10 and a beta of 0.90. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48.

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