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

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have earned a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$60.13.

Several equities analysts have recently commented on AGI shares. Bank of America boosted their price objective on Alamos Gold from C$55.00 to C$60.00 in a research report on Thursday, October 16th. National Bankshares boosted their price target on Alamos Gold from C$64.00 to C$68.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. BMO Capital Markets upped their price target on Alamos Gold from C$48.00 to C$51.00 in a research note on Tuesday, September 16th. TD Securities cut their price objective on shares of Alamos Gold from C$56.00 to C$55.00 in a report on Monday, November 3rd. Finally, Desjardins set a C$64.00 target price on shares of Alamos Gold and gave the stock a “buy” rating in a report on Friday, November 28th.

Alamos Gold Price Performance

AGI opened at C$55.70 on Tuesday. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62. The stock has a market capitalization of C$23.43 billion, a P/E ratio of 43.52, a P/E/G ratio of -2.10 and a beta of 0.77. The company’s 50-day simple moving average is C$48.09 and its two-hundred day simple moving average is C$42.60. Alamos Gold has a 52-week low of C$25.69 and a 52-week high of C$56.14.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings data 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%. As a group, analysts predict that Alamos Gold will post 1.4774775 EPS for the current year.

Alamos Gold Company Profile

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. Additionally, Alamos has a significant portfolio of projects in Turkey and the United States.