Alamos Gold (TSE:AGI) Shares Pass Above 200-Day Moving Average – What’s Next?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$53.21 and traded as high as C$58.92. Alamos Gold shares last traded at C$57.89, with a volume of 976,428 shares changing hands.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Desjardins raised their price target on Alamos Gold from C$70.00 to C$80.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Alamos Gold from C$80.00 to C$90.00 in a research report on Thursday, February 26th. Haywood Securities reduced their target price on shares of Alamos Gold from C$77.50 to C$71.50 in a research note on Friday, February 6th. Stifel Nicolaus raised their target price on shares of Alamos Gold from C$65.00 to C$80.00 in a report on Tuesday, February 10th. Finally, National Bank Financial raised their target price on shares of Alamos Gold from C$68.00 to C$75.00 and gave the stock an “outperform” rating in a report on Wednesday, January 14th. One investment 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 company currently has a consensus rating of “Buy” and an average target price of C$70.67.

Alamos Gold Stock Performance

The company has a debt-to-equity ratio of 5.27, a current ratio of 1.72 and a quick ratio of 1.06. The firm has a fifty day moving average price of C$61.08 and a two-hundred day moving average price of C$53.21. The stock has a market capitalization of C$24.31 billion, a PE ratio of 27.57, a P/E/G ratio of -2.10 and a beta of 1.55.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$0.74 earnings per share (EPS) for the quarter. The company had revenue of C$765.13 million during the quarter. Alamos Gold had a return on equity of 22.48% and a net margin of 49.07%. Research analysts expect that Alamos Gold Inc. will post 1.4774775 EPS 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.