Alamos Gold (TSE:AGI) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price lifted by research analysts at Stifel Nicolaus from C$65.00 to C$80.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ target price suggests a potential upside of 27.59% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Haywood Securities dropped their price target on Alamos Gold from C$77.50 to C$71.50 in a research report on Friday, February 6th. Canadian Imperial Bank of Commerce upped their price target on shares of Alamos Gold from C$74.00 to C$80.00 in a research note on Wednesday, February 4th. Desjardins set a C$64.00 price target on shares of Alamos Gold and gave the company a “buy” rating in a research report on Friday, November 28th. Bank of America lifted their target price on Alamos Gold from C$55.00 to C$60.00 in a report on Thursday, October 16th. Finally, National Bank Financial boosted their target price on Alamos Gold from C$68.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$65.72.

Alamos Gold Price Performance

AGI stock opened at C$62.70 on Tuesday. Alamos Gold has a 52-week low of C$31.38 and a 52-week high of C$63.20. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62. The business has a 50-day simple moving average of C$54.96 and a two-hundred day simple moving average of C$47.70. The company has a market capitalization of C$26.32 billion, a P/E ratio of 48.98, a price-to-earnings-growth ratio of -2.10 and a beta of 0.85.

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