Alamos Gold (TSE:AGI) Given New C$80.00 Price Target at Canaccord Genuity Group

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price lifted by Canaccord Genuity Group from C$72.00 to C$80.00 in a research report released on Wednesday morning,BayStreet.CA reports.

Several other research analysts also recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Alamos Gold from C$65.00 to C$80.00 in a report on Tuesday, February 10th. National Bank Financial upped 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. Canadian Imperial Bank of Commerce upped their target price on shares of Alamos Gold from C$80.00 to C$90.00 in a report on Thursday, February 26th. Haywood Securities dropped their target price on shares of Alamos Gold from C$77.50 to C$71.50 in a report on Friday, February 6th. Finally, TD Securities upped their target price on shares of Alamos Gold from C$55.00 to C$66.00 in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$74.67.

Alamos Gold Trading Up 1.9%

Shares of AGI stock opened at C$65.87 on Wednesday. Alamos Gold has a 1 year low of C$32.90 and a 1 year high of C$75.78. The firm has a fifty day moving average price of C$62.06 and a 200-day moving average price of C$54.43. 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 company has a market cap of C$27.66 billion, a price-to-earnings ratio of 31.37, a PEG ratio of -2.10 and a beta of 1.77.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its earnings results on Thursday, February 19th. 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 predict that Alamos Gold will post 1.4774775 earnings per share for the current 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.