Alamos Gold (TSE:AGI) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$43.34 and traded as high as C$54.62. Alamos Gold shares last traded at C$53.56, with a volume of 572,003 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Alamos Gold from C$48.00 to C$65.00 in a report on Monday, October 20th. National Bankshares increased their target price on Alamos Gold from C$64.00 to C$68.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. CIBC lifted their price target on Alamos Gold from C$55.00 to C$74.00 in a research report on Friday, October 10th. Bank of America boosted their price objective on Alamos Gold from C$55.00 to C$60.00 in a research note on Thursday, October 16th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$60.13.

Alamos Gold Stock Up 0.5%

The company has a 50 day moving average of C$48.78 and a 200-day moving average of C$43.34. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06. The company has a market cap of C$22.49 billion, a P/E ratio of 41.84, a price-to-earnings-growth ratio of -2.10 and a beta of 0.77.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its earnings results on Wednesday, October 29th. The company reported C$0.65 earnings per share for the quarter. Alamos Gold had a return on equity of 7.84% and a net margin of 19.89%.The business had revenue of C$643.72 million for the quarter. On average, equities analysts predict that Alamos Gold Inc. will post 1.4774775 earnings per share for the current year.

Alamos Gold Company Profile

Alamos is a Canadian-based intermediate gold producer with diversified production from three operations in North America. This includes the Island Gold District and Young-Davidson mine in northern Ontario, Canada, and the Mulatos District in Sonora State, Mexico. Additionally, the Company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development.