Alamos Gold Inc. (TSE:AGI) Receives Average Rating of “Buy” from Brokerages

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have received a consensus rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$41.54.

AGI has been the subject of a number of research analyst reports. TD Securities cut their price target on shares of Alamos Gold from C$48.00 to C$45.00 and set a “buy” rating for the company in a report on Friday, May 2nd. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Stifel Canada upgraded shares of Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 8th. CIBC increased their price target on shares of Alamos Gold from C$46.00 to C$48.00 in a report on Thursday, April 17th. Finally, National Bankshares increased their price target on shares of Alamos Gold from C$51.75 to C$52.25 and gave the company an “outperform” rating in a report on Friday, June 27th.

Alamos Gold Stock Down 2.1%

AGI stock opened at C$34.14 on Monday. The company has a fifty day moving average price of C$36.02 and a 200 day moving average price of C$34.77. Alamos Gold has a 12 month low of C$22.59 and a 12 month high of C$42.97. The company has a market cap of C$10.10 billion, a price-to-earnings ratio of 40.65, 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.

Insiders Place Their Bets

In other Alamos Gold news, Senior Officer Grace Tang sold 4,000 shares of Alamos Gold stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of C$36.00, for a total transaction of C$144,000.00. Also, Senior Officer Gregory S. Fisher sold 10,000 shares of Alamos Gold stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of C$37.27, for a total transaction of C$372,700.00. In the last three months, insiders sold 86,245 shares of company stock valued at $3,193,307. 0.27% of the stock is currently owned by corporate insiders.

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.