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

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$52.78 and traded as high as C$64.46. Alamos Gold shares last traded at C$62.56, with a volume of 540,402 shares trading hands.

Analyst Ratings Changes

Several equities analysts have weighed in on AGI shares. National Bank Financial lifted their price objective on Alamos Gold from C$68.00 to C$75.00 and gave the company an “outperform” rating in a report on Wednesday, January 14th. Canadian Imperial Bank of Commerce boosted their price target on Alamos Gold from C$80.00 to C$90.00 in a research note on Thursday, February 26th. Stifel Nicolaus upped their price objective on shares of Alamos Gold from C$65.00 to C$80.00 in a research report on Tuesday, February 10th. Haywood Securities reduced their price objective on shares of Alamos Gold from C$77.50 to C$71.50 in a research note on Friday, February 6th. Finally, Bank of America raised their target price on shares of Alamos Gold from C$67.00 to C$78.50 in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$70.67.

Alamos Gold Trading Down 1.2%

The stock has a market capitalization of C$26.27 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of -2.10 and a beta of 1.55. The company has a current ratio of 1.72, a quick ratio of 1.06 and a debt-to-equity ratio of 5.27. The firm has a 50-day moving average price of C$61.43 and a 200-day moving average price of C$52.78.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings results on Wednesday, February 18th. The company reported C$0.74 earnings per share for the quarter. The company had revenue of C$765.13 million during the quarter. Alamos Gold had a net margin of 49.07% and a return on equity of 22.48%. As a group, equities analysts forecast 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.