Analysts Set Alamos Gold Inc. (TSE:AGI) Price Target at C$41.54

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have been given an average recommendation of “Buy” by the six research firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is C$41.54.

Several equities analysts have recently issued reports on AGI shares. CIBC lifted their price objective on Alamos Gold from C$46.00 to C$48.00 in a research note on Thursday, April 17th. National Bank Financial upgraded Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. National Bankshares lifted their price objective on Alamos Gold from C$51.75 to C$52.25 and gave the company an “outperform” rating in a research note on Friday, June 27th. Canaccord Genuity Group lifted their price objective on 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. Finally, TD Securities cut their target price on Alamos Gold from C$48.00 to C$45.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd.

Insider Activity at Alamos Gold

In related news, Senior Officer Colin Webster sold 7,041 shares of the stock in a transaction 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. Also, Senior Officer John Michael Fitzgerald sold 40,000 shares of the firm’s stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of C$37.00, for a total transaction of C$1,479,880.00. Insiders have sold a total of 86,245 shares of company stock valued at $3,193,307 over the last 90 days. 0.27% of the stock is owned by insiders.

Alamos Gold Stock Performance

Shares of Alamos Gold stock opened at C$35.48 on Monday. The business has a 50-day moving average of C$36.13 and a 200 day moving average of C$34.66. Alamos Gold has a 12 month low of C$22.59 and a 12 month high of C$42.97. The stock has a market capitalization of C$10.49 billion, a price-to-earnings ratio of 42.24, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06.

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.