Alamos Gold (TSE:AGI) Price Target Raised to C$78.00 at TD

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price upped by TD from C$70.00 to C$78.00 in a report published on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently weighed in on AGI. Bank of America lifted their price target on shares of Alamos Gold from C$67.00 to C$78.50 in a research note on Thursday, February 26th. Canadian Imperial Bank of Commerce lifted their price target on shares of Alamos Gold from C$80.00 to C$90.00 in a research note on Thursday, February 26th. TD Securities boosted their target price on shares of Alamos Gold from C$55.00 to C$66.00 in a research report on Thursday, January 22nd. Haywood Securities decreased their target price on shares of Alamos Gold from C$77.50 to C$71.50 in a research report on Friday, February 6th. Finally, Canaccord Genuity Group boosted their target price 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 four have issued a Buy rating to the company’s stock. Based on data from MarketBeat, Alamos Gold presently has an average rating of “Buy” and a consensus price target of C$76.20.

Alamos Gold Trading Down 9.0%

AGI opened at C$60.87 on Tuesday. Alamos Gold has a 1-year low of C$32.90 and a 1-year high of C$75.78. 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 company has a market cap of C$25.56 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of -2.10 and a beta of 1.77. The company has a fifty day moving average price of C$64.08 and a two-hundred day moving average price of C$55.65.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings results on Thursday, February 19th. The company reported C$0.74 earnings per share for the quarter. Alamos Gold had a net margin of 49.07% and a return on equity of 22.48%. The firm had revenue of C$765.13 million during the quarter. Analysts predict that Alamos Gold 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.