Alamos Gold (TSE:AGI) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$33.76 and traded as high as C$36.06. Alamos Gold shares last traded at C$35.68, with a volume of 1,227,531 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity Group boosted their price target on shares of Alamos Gold from C$39.00 to C$44.00 and gave the company a “buy” rating in a research note on Monday, April 7th. National Bankshares lifted their target price on shares of Alamos Gold from C$38.00 to C$46.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. National Bank Financial upgraded Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. CIBC raised their price target on Alamos Gold from C$46.00 to C$48.00 in a research report on Thursday, April 17th. Finally, TD Securities cut their price objective on Alamos Gold from C$48.00 to C$45.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Alamos Gold currently has a consensus rating of “Buy” and a consensus price target of C$40.50.

Alamos Gold Stock Performance

The company has a market capitalization of C$10.55 billion, a price-to-earnings ratio of 42.48, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. 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’s fifty day simple moving average is C$36.71 and its 200-day simple moving average is C$33.76.

Insiders Place Their Bets

In other Alamos Gold news, Senior Officer John Michael Fitzgerald sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of C$37.00, for a total transaction of C$1,479,880.00. Also, Senior Officer Colin Webster sold 7,041 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of C$37.58, for a total transaction of C$264,571.21. Insiders sold a total of 86,245 shares of company stock worth $3,193,307 over the last 90 days. Corporate insiders own 0.27% of the company’s stock.

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.