Alamos Gold (TSE:AGI) Upgraded at Desjardins

Desjardins upgraded shares of Alamos Gold (TSE:AGI) (NYSE:AGI) to a moderate buy rating in a research report report published on Thursday,Zacks.com reports.

Several other equities analysts also recently issued reports on AGI. National Bankshares boosted their price objective on Alamos Gold from C$56.00 to C$64.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. TD Securities cut their target price on Alamos Gold from C$56.00 to C$55.00 in a research note on Monday, November 3rd. Bank of America boosted their price target on Alamos Gold from C$55.00 to C$60.00 in a research report on Thursday, October 16th. Stifel Nicolaus raised their price target on Alamos Gold from C$48.00 to C$65.00 in a report on Monday, October 20th. Finally, BMO Capital Markets lifted their price objective on shares of Alamos Gold from C$48.00 to C$51.00 in a research note on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat, Alamos Gold currently has a consensus rating of “Buy” and a consensus price target of C$59.63.

Alamos Gold Stock Up 2.0%

Alamos Gold stock opened at C$52.76 on Thursday. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62. Alamos Gold has a one year low of C$25.69 and a one year high of C$52.83. The company has a 50-day simple moving average of C$46.70 and a 200-day simple moving average of C$40.77. The firm has a market capitalization of C$22.20 billion, a P/E ratio of 41.22, a P/E/G ratio of -2.10 and a beta of 0.84.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings data on Wednesday, October 29th. The company reported C$0.65 earnings per share for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 7.84%. The firm had revenue of C$643.72 million for the quarter. As a group, equities analysts expect that Alamos Gold will post 1.4774775 earnings per share for the current year.

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.