National Bank Financial Has Lowered Expectations for Alamos Gold (TSE:AGI) Stock Price

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target cut by stock analysts at National Bank Financial from C$88.00 to C$87.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 28.66% from the stock’s current price.

AGI has been the subject of several other research reports. Haywood Securities dropped their price target on shares of Alamos Gold from C$77.50 to C$71.50 in a research report on Friday, February 6th. Bank of America increased their price target on shares of Alamos Gold from C$67.00 to C$78.50 in a research report on Thursday, February 26th. TD Securities increased their price target on shares of Alamos Gold from C$55.00 to C$66.00 in a research report on Thursday, January 22nd. Canadian Imperial Bank of Commerce increased their price target on shares of Alamos Gold from C$80.00 to C$90.00 in a research report on Thursday, February 26th. Finally, Canaccord Genuity Group increased their price target on shares of Alamos Gold from C$72.00 to C$80.00 in a research report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$76.00.

Alamos Gold Price Performance

Shares of Alamos Gold stock opened at C$67.62 on Friday. Alamos Gold has a 52-week low of C$32.90 and a 52-week high of C$75.78. The stock has a market capitalization of C$28.40 billion, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of -2.10 and a beta of 1.77. The company has a fifty day moving average of C$63.94 and a 200-day moving average of C$55.38. The company has a debt-to-equity ratio of 5.27, a quick ratio of 1.06 and a current ratio of 1.72.

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