Haywood Securities Issues Pessimistic Forecast for Alamos Gold (TSE:AGI) Stock Price

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective reduced by Haywood Securities from C$77.50 to C$71.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Haywood Securities’ target price points to a potential upside of 30.28% from the stock’s previous close.

Several other equities analysts have also issued reports on AGI. Bank of America lifted their price target on Alamos Gold from C$55.00 to C$60.00 in a research report on Thursday, October 16th. Stifel Nicolaus lifted their target price on shares of Alamos Gold from C$48.00 to C$65.00 in a report on Monday, October 20th. Desjardins set a C$64.00 price target on shares of Alamos Gold and gave the company a “buy” rating in a report on Friday, November 28th. Canadian Imperial Bank of Commerce raised their price target on shares of Alamos Gold from C$74.00 to C$80.00 in a research report on Wednesday. Finally, National Bankshares upped their price objective on Alamos Gold from C$68.00 to C$75.00 and gave the company an “outperform” rating in a research report on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$64.06.

Alamos Gold Price Performance

Shares of TSE AGI opened at C$54.88 on Friday. The company has a 50 day simple moving average of C$54.34 and a two-hundred day simple moving average of C$47.16. Alamos Gold has a fifty-two week low of C$31.38 and a fifty-two week high of C$61.83. The company has a market capitalization of C$23.04 billion, a price-to-earnings ratio of 42.88, a P/E/G ratio of -2.10 and a beta of 0.85. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings results on Wednesday, October 29th. The company reported C$0.65 earnings per share for the quarter. The company had revenue of C$643.72 million for the quarter. Alamos Gold had a return on equity of 7.84% and a net margin of 19.89%. Analysts expect that Alamos Gold will post 1.4774775 EPS for the current fiscal 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.