Alamos Gold (TSE:AGI) Reaches New 52-Week High – Time to Buy?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$64.00 and last traded at C$63.91, with a volume of 42247 shares. The stock had previously closed at C$62.80.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. TD Securities raised their target price on shares of Alamos Gold from C$55.00 to C$66.00 in a research note on Thursday, January 22nd. Stifel Nicolaus increased their price target on shares of Alamos Gold from C$65.00 to C$80.00 in a research note on Tuesday, February 10th. National Bank Financial boosted their price objective on shares of Alamos Gold from C$68.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 14th. Canadian Imperial Bank of Commerce upped their target price on shares of Alamos Gold from C$74.00 to C$80.00 in a report on Wednesday, February 4th. Finally, Haywood Securities reduced their price target on Alamos Gold from C$77.50 to C$71.50 in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$65.72.

Alamos Gold Trading Up 4.4%

The company has a market cap of C$27.52 billion, a price-to-earnings ratio of 51.21, a PEG ratio of -2.10 and a beta of 0.85. 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 business’s 50 day moving average price is C$56.37 and its 200-day moving average price is C$48.99.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings results on Wednesday, February 18th. The company reported C$0.74 earnings per share for the quarter. The firm had revenue of C$765.13 million for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 7.84%. On average, equities analysts anticipate that Alamos Gold Inc. will post 1.4774775 EPS for the current fiscal 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.