Alamos Gold (TSE:AGI) Sets New 12-Month High Following Analyst Upgrade

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) shares hit a new 52-week high during mid-day trading on Wednesday after TD Securities raised their price target on the stock from C$37.00 to C$48.00. The company traded as high as C$42.97 and last traded at C$42.00, with a volume of 621310 shares trading hands. The stock had previously closed at C$41.42.

AGI has been the subject of a number of other reports. National Bank Financial raised Alamos Gold to a “strong-buy” rating in a research report on Friday, March 21st. National Bankshares lifted their price objective on Alamos Gold from C$38.00 to C$46.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. Canaccord Genuity Group increased their target price on shares of Alamos Gold from C$39.00 to C$44.00 and gave the stock a “buy” rating in a report on Monday, April 7th. Finally, CIBC boosted their price target on shares of Alamos Gold from C$44.00 to C$46.00 in a report on Friday, February 21st. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$40.67.

Alamos Gold Stock Performance

The business’s 50-day moving average price is C$35.58 and its 200-day moving average price is C$30.36. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48. The stock has a market cap of C$12.45 billion, a PE ratio of 50.14, a P/E/G ratio of -2.10 and a beta of 1.10.

Alamos Gold Company Profile

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.