Alamos Gold (TSE:AGI) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$42.29 and traded as high as C$52.71. Alamos Gold shares last traded at C$51.92, with a volume of 699,692 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. BMO Capital Markets increased their price target on Alamos Gold from C$48.00 to C$51.00 in a research report on Tuesday, September 16th. Stifel Nicolaus raised their target price on shares of Alamos Gold from C$48.00 to C$65.00 in a report on Monday, October 20th. CIBC lifted their target price on shares of Alamos Gold from C$55.00 to C$74.00 in a research report on Friday, October 10th. TD Securities reduced their price target on shares of Alamos Gold from C$56.00 to C$55.00 in a research report on Monday, November 3rd. Finally, National Bankshares raised their price objective on shares of Alamos Gold from C$64.00 to C$68.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 9th. Two equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$60.13.

Alamos Gold Stock Up 0.1%

The business has a fifty day moving average price of C$47.77 and a two-hundred day moving average price of C$42.29. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48. The company has a market cap of C$21.84 billion, a price-to-earnings ratio of 40.56, a P/E/G ratio of -2.10 and a beta of 0.77.

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