Alamos Gold Inc. (TSE:AGI) Given Average Rating of “Buy” by Brokerages

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have been assigned a consensus recommendation of “Buy” from the four analysts that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$76.20.

A number of research analysts recently weighed in on the company. National Bank Financial decreased their target price on Alamos Gold from C$88.00 to C$87.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Canaccord Genuity Group raised their price target on Alamos Gold from C$72.00 to C$80.00 in a report on Wednesday, April 8th. Finally, TD lifted their price objective on shares of Alamos Gold from C$70.00 to C$78.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st.

Alamos Gold Trading Down 2.0%

Alamos Gold stock opened at C$40.85 on Tuesday. The stock has a 50-day simple moving average of C$50.47 and a 200 day simple moving average of C$57.00. The stock has a market capitalization of C$17.16 billion, a P/E ratio of 16.27, a PEG ratio of -2.10 and a beta of 1.89. The company has a debt-to-equity ratio of 4.77, a quick ratio of 1.05 and a current ratio of 1.74. Alamos Gold has a 52 week low of C$33.11 and a 52 week high of C$75.78.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings data on Wednesday, April 29th. The company reported C$0.76 earnings per share (EPS) for the quarter. Alamos Gold had a return on equity of 25.24% and a net margin of 51.42%.The firm had revenue of C$829.59 million for the quarter. Analysts expect that Alamos Gold will post 1.4774775 earnings per share for the current year.

About Alamos Gold

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.