TD Securities Issues Pessimistic Forecast for Alamos Gold (TSE:AGI) Stock Price

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price lowered by research analysts at TD Securities from C$48.00 to C$45.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 31.89% from the company’s current price.

A number of other brokerages have also issued reports on AGI. CIBC upped their target price on shares of Alamos Gold from C$46.00 to C$48.00 in a research report on Thursday, April 17th. National Bankshares lifted their price objective on 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. Canaccord Genuity Group upped their target price on shares of 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. Finally, National Bank Financial raised shares of Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$40.50.

Alamos Gold Stock Performance

TSE:AGI opened at C$34.12 on Friday. The stock has a market capitalization of C$10.09 billion, a P/E ratio of 40.62, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. Alamos Gold has a 1 year low of C$20.21 and a 1 year high of C$42.97. The firm has a 50 day moving average of C$37.13 and a 200-day moving average of C$31.35. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48.

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.