Brokerages Set Alamos Gold Inc. (TSE:AGI) PT at C$40.50

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have been assigned a consensus rating of “Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$40.50.

A number of research firms recently issued reports on AGI. Canaccord Genuity Group lifted their price target on shares of Alamos Gold from C$39.00 to C$44.00 and gave the company a “buy” rating in a research note on Monday, April 7th. CIBC increased their price objective on shares of Alamos Gold from C$46.00 to C$48.00 in a report on Thursday, April 17th. National Bankshares lifted their target price on shares of Alamos Gold from C$38.00 to C$46.00 and gave the company an “outperform” rating in a research report on Wednesday, March 19th. National Bank Financial raised shares of Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. Finally, TD Securities decreased their price target on shares of Alamos Gold from C$48.00 to C$45.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd.

Alamos Gold Trading Up 1.0%

Alamos Gold stock opened at C$36.74 on Thursday. The firm has a market cap of C$10.87 billion, a PE ratio of 43.74, a P/E/G ratio of -2.10 and a beta of 1.10. Alamos Gold has a 12 month low of C$20.99 and a 12 month high of C$42.97. The stock’s 50 day simple moving average is C$37.06 and its two-hundred day simple moving average is C$33.68. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48.

Insider Transactions at Alamos Gold

In related news, Senior Officer John Michael Fitzgerald sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of C$37.00, for a total transaction of C$1,479,880.00. Also, Senior Officer Colin Webster sold 7,041 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of C$37.58, for a total transaction of C$264,571.21. Insiders sold a total of 86,245 shares of company stock worth $3,193,307 over the last ninety days. Company insiders own 0.27% of the company’s stock.

About Alamos Gold

Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: the Young-Davidson Mine in Canada and the Mulatos and El Chanate Mines in Sonora, Mexico. The Young-Davidson mine is the group’s largest revenue contributor, and the property also holds mineral leases and claims covering approximately 11,000 acres.