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

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective increased by analysts at CIBC from C$74.00 to C$80.00 in a research report issued on Wednesday,BayStreet.CA reports. CIBC’s target price indicates a potential upside of 55.04% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the stock. TD Securities lifted their price target on shares of Alamos Gold from C$55.00 to C$66.00 in a research report on Thursday, January 22nd. Bank of America lifted their target price on shares of Alamos Gold from C$55.00 to C$60.00 in a report on Thursday, October 16th. Desjardins set a C$64.00 target price on Alamos Gold and gave the company a “buy” rating in a research report on Friday, November 28th. National Bankshares raised their price target 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. Finally, Stifel Nicolaus lifted their price objective on Alamos Gold from C$48.00 to C$65.00 in a research note on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$63.13.

Alamos Gold Price Performance

TSE:AGI opened at C$51.60 on Wednesday. Alamos Gold has a 52 week low of C$31.38 and a 52 week high of C$61.83. The stock’s fifty day moving average is C$54.29 and its two-hundred day moving average is C$46.95. The company has a market capitalization of C$21.66 billion, a P/E ratio of 40.31, a P/E/G ratio of -2.10 and a beta of 0.85. 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 data on Wednesday, October 29th. The company reported C$0.65 earnings per share (EPS) for the quarter. The firm had revenue of C$643.72 million during the quarter. Alamos Gold had a return on equity of 7.84% and a net margin of 19.89%. Equities analysts expect that Alamos Gold will post 1.4774775 EPS 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.