Alamos Gold (TSE:AGI) Price Target Raised to C$90.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price lifted by Canadian Imperial Bank of Commerce from C$80.00 to C$90.00 in a report published on Thursday morning,BayStreet.CA reports.

A number of other analysts have also commented on AGI. Desjardins lifted their target price on Alamos Gold from C$70.00 to C$80.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Stifel Nicolaus lifted their price objective on Alamos Gold from C$65.00 to C$80.00 in a report on Tuesday, February 10th. TD Securities boosted their target price on Alamos Gold from C$55.00 to C$66.00 in a research report on Thursday, January 22nd. Haywood Securities dropped their price target on shares of Alamos Gold from C$77.50 to C$71.50 in a report on Friday, February 6th. Finally, National Bank Financial lifted their price target 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. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$70.67.

Alamos Gold Stock Up 3.1%

AGI stock opened at C$73.93 on Thursday. The company’s 50 day moving average is C$58.20 and its 200 day moving average is C$50.19. The stock has a market cap of C$31.04 billion, a price-to-earnings ratio of 35.20, a price-to-earnings-growth ratio of -2.10 and a beta of 0.85. Alamos Gold has a 1-year low of C$31.83 and a 1-year high of C$74.13. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings results on Wednesday, February 18th. The company reported C$0.74 earnings per share for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 7.84%. The company had revenue of C$765.13 million during the quarter. Sell-side analysts predict 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.