Alamos Gold (TSE:AGI) Stock Passes Above 200 Day Moving Average – Should You Sell?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$30.89 and traded as high as C$39.35. Alamos Gold shares last traded at C$39.15, with a volume of 653,362 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. National Bankshares boosted their price objective on shares of Alamos Gold from C$38.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th. TD Securities boosted their price target on shares of Alamos Gold from C$37.00 to C$48.00 in a research report on Tuesday, April 15th. National Bank Financial upgraded Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. CIBC lifted their target price on Alamos Gold from C$46.00 to C$48.00 in a research report on Thursday, April 17th. Finally, Canaccord Genuity Group increased their price target on Alamos Gold from C$39.00 to C$44.00 and gave the company a “buy” rating in a research report on Monday, April 7th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Alamos Gold currently has an average rating of “Buy” and an average price target of C$41.00.

Alamos Gold Price Performance

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 firm has a market capitalization of C$11.58 billion, a price-to-earnings ratio of 46.61, a P/E/G ratio of -2.10 and a beta of 1.10. The company’s 50 day moving average is C$36.53 and its 200-day moving average is C$30.89.

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.