Alamos Gold (TSE:AGI) Hits New 12-Month High After Analyst Upgrade

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) shares hit a new 52-week high on Wednesday after Stifel Nicolaus raised their price target on the stock from C$65.00 to C$80.00. The stock traded as high as C$63.20 and last traded at C$61.75, with a volume of 452471 shares traded. The stock had previously closed at C$61.26.

A number of other equities analysts have also recently weighed in on the company. Bank of America upped their price target on Alamos Gold from C$55.00 to C$60.00 in a report on Thursday, October 16th. Haywood Securities cut their price objective on Alamos Gold from C$77.50 to C$71.50 in a research report on Friday, February 6th. TD Securities increased their target price on Alamos Gold from C$55.00 to C$66.00 in a research report on Thursday, January 22nd. Canadian Imperial Bank of Commerce boosted their price target on shares of Alamos Gold from C$74.00 to C$80.00 in a report on Wednesday, February 4th. Finally, National Bank Financial upped their price objective on shares of 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 research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$65.72.

Alamos Gold Trading Down 8.3%

The stock has a market capitalization of C$24.13 billion, a PE ratio of 44.90, a P/E/G ratio of -2.10 and a beta of 0.85. The company’s 50 day moving average price is C$55.10 and its two-hundred day moving average price is C$47.77. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06.

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