National Bankshares Issues Positive Forecast for Alamos Gold (TSE:AGI) Stock Price

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective lifted by National Bankshares from C$64.00 to C$68.00 in a research report released on Tuesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

AGI has been the subject of several other reports. Desjardins set a C$64.00 target price on Alamos Gold and gave the company a “buy” rating in a research report on Friday, November 28th. BMO Capital Markets raised their price objective on shares of Alamos Gold from C$48.00 to C$51.00 in a report 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. TD Securities dropped their target price on shares of Alamos Gold from C$56.00 to C$55.00 in a research note on Monday, November 3rd. Finally, CIBC increased their target price on shares of Alamos Gold from C$55.00 to C$74.00 in a research report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Alamos Gold currently has a consensus rating of “Buy” and an average price target of C$60.13.

Alamos Gold Price Performance

Alamos Gold stock opened at C$50.68 on Tuesday. Alamos Gold has a 52 week low of C$25.69 and a 52 week high of C$53.13. The company’s 50 day moving average price is C$47.15 and its two-hundred day moving average price is C$41.57. The stock has a market cap of C$21.32 billion, a P/E ratio of 39.59, a P/E/G ratio of -2.10 and a beta of 0.77. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings results on Wednesday, October 29th. The company reported C$0.65 EPS for the quarter. The company had revenue of C$643.72 million during the quarter. Alamos Gold had a return on equity of 7.84% and a net margin of 19.89%. On average, equities analysts predict 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.