Alamos Gold (TSE:AGI) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$41.47 and traded as high as C$50.24. Alamos Gold shares last traded at C$49.17, with a volume of 551,525 shares changing hands.

Wall Street Analyst Weigh In

AGI has been the topic of several analyst reports. BMO Capital Markets lifted their target price on Alamos Gold from C$48.00 to C$51.00 in a research note on Tuesday, September 16th. Bank of America lifted their price objective on shares of Alamos Gold from C$55.00 to C$60.00 in a research report on Thursday, October 16th. Stifel Nicolaus boosted their price objective on shares of Alamos Gold from C$48.00 to C$65.00 in a research note on Monday, October 20th. Desjardins set a C$64.00 target price on shares of Alamos Gold and gave the stock a “buy” rating in a research note on Friday, November 28th. Finally, TD Securities dropped their price target on shares of Alamos Gold from C$56.00 to C$55.00 in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$59.63.

Alamos Gold Price Performance

The stock has a market cap of C$20.68 billion, a price-to-earnings ratio of 38.41, a PEG ratio of -2.10 and a beta of 0.77. The company’s 50 day moving average is C$47.11 and its 200 day moving average is C$41.47. 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 (TSE:AGI) (NYSE:AGI) last issued its earnings results 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 company had revenue of C$643.72 million for the quarter. Research analysts forecast that Alamos Gold Inc. will post 1.4774775 earnings per share for the current fiscal 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.