Alamos Gold (TSE:AGI) Stock Passes Above 200 Day Moving Average – Here’s Why

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$53.21 and traded as high as C$58.92. Alamos Gold shares last traded at C$57.89, with a volume of 976,428 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Haywood Securities decreased their price objective on shares of Alamos Gold from C$77.50 to C$71.50 in a report on Friday, February 6th. Canadian Imperial Bank of Commerce upped their target price on shares of Alamos Gold from C$80.00 to C$90.00 in a research note on Thursday, February 26th. Stifel Nicolaus raised their target price on shares of Alamos Gold from C$65.00 to C$80.00 in a research report on Tuesday, February 10th. National Bank Financial boosted their price target on Alamos Gold from C$68.00 to C$75.00 and gave the company an “outperform” rating in a report on Wednesday, January 14th. Finally, TD Securities increased their price objective on Alamos Gold from C$55.00 to C$66.00 in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$70.67.

Alamos Gold Stock Performance

The company has a quick ratio of 1.06, a current ratio of 1.72 and a debt-to-equity ratio of 5.27. The firm has a 50 day moving average price of C$61.08 and a 200 day moving average price of C$53.21. The stock has a market cap of C$24.31 billion, a PE ratio of 27.57, a price-to-earnings-growth ratio of -2.10 and a beta of 1.55.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings data on Thursday, February 19th. The company reported C$0.74 earnings per share for the quarter. Alamos Gold had a net margin of 49.07% and a return on equity of 22.48%. The company had revenue of C$765.13 million during the quarter. As a group, research analysts forecast 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.