Analysts Set Alamos Gold Inc. (TSE:AGI) Price Target at C$76.20

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has earned an average rating of “Buy” from the four analysts that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$76.20.

Several equities analysts recently commented on the company. TD increased their target price on Alamos Gold from C$70.00 to C$78.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Canaccord Genuity Group lifted their price target on Alamos Gold from C$72.00 to C$80.00 in a report on Wednesday, April 8th. Finally, National Bank Financial dropped their price objective on shares of Alamos Gold from C$88.00 to C$87.00 and set an “outperform” rating for the company in a research note on Friday, April 17th.

Alamos Gold Trading Down 2.7%

Shares of AGI opened at C$39.69 on Tuesday. The stock has a fifty day moving average of C$49.54 and a two-hundred day moving average of C$56.70. The company has a debt-to-equity ratio of 4.77, a quick ratio of 1.05 and a current ratio of 1.74. The company has a market capitalization of C$16.67 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of -2.10 and a beta of 1.89. Alamos Gold has a fifty-two week low of C$33.11 and a fifty-two week high of C$75.78.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$0.76 earnings per share for the quarter. Alamos Gold had a return on equity of 25.24% and a net margin of 51.42%.The company had revenue of C$829.59 million for the quarter. As a group, analysts forecast that Alamos Gold 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.