Alamos Gold (TSE:AGI) Price Target Raised to C$75.00 at National Bankshares

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective upped by National Bankshares from C$68.00 to C$75.00 in a research note published on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts have also weighed in on AGI. TD Securities decreased their price target on shares of Alamos Gold from C$56.00 to C$55.00 in a research report on Monday, November 3rd. Bank of America raised their price objective on Alamos Gold from C$55.00 to C$60.00 in a research report on Thursday, October 16th. CIBC upped their target price on Alamos Gold from C$55.00 to C$74.00 in a research report on Friday, October 10th. Stifel Nicolaus increased their target price on Alamos Gold from C$48.00 to C$65.00 in a research note on Monday, October 20th. Finally, BMO Capital Markets raised their target price on Alamos Gold from C$48.00 to C$51.00 in a report on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$61.00.

Alamos Gold Stock Up 0.5%

AGI opened at C$59.68 on Wednesday. Alamos Gold has a 1 year low of C$27.51 and a 1 year high of C$60.86. The firm has a 50 day moving average price of C$51.55 and a 200 day moving average price of C$44.85. 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 company has a market cap of C$25.06 billion, a PE ratio of 46.63, a price-to-earnings-growth ratio of -2.10 and a beta of 0.90.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly 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 firm had revenue of C$643.72 million for the quarter. Sell-side analysts expect that Alamos Gold will post 1.4774775 earnings per share for the current year.

About Alamos Gold

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.