Alamos Gold (TSE:AGI) Given New C$66.00 Price Target at TD Securities

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target upped by TD Securities from C$55.00 to C$66.00 in a research note published on Thursday,BayStreet.CA reports.

AGI has been the subject of a number of other research reports. CIBC increased their target price on Alamos Gold from C$55.00 to C$74.00 in a research note on Friday, October 10th. Bank of America increased their price objective on shares of Alamos Gold from C$55.00 to C$60.00 in a research report on Thursday, October 16th. Stifel Nicolaus lifted their price objective on shares of Alamos Gold from C$48.00 to C$65.00 in a research note on Monday, October 20th. Desjardins set a C$64.00 target price on shares of Alamos Gold and gave the company a “buy” rating in a research note on Friday, November 28th. Finally, National Bankshares raised their price target on shares of Alamos Gold from C$68.00 to C$75.00 and gave the company an “outperform” rating in a report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$62.38.

Alamos Gold Stock Performance

Shares of AGI stock opened at C$58.18 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48. The company has a market cap of C$24.43 billion, a PE ratio of 45.45, a P/E/G ratio of -2.10 and a beta of 0.90. The company’s fifty day simple moving average is C$52.82 and its 200-day simple moving average is C$45.59. Alamos Gold has a 52 week low of C$28.35 and a 52 week high of C$60.86.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings results on Wednesday, October 29th. The company reported C$0.65 earnings per share (EPS) for the quarter. Alamos Gold had a return on equity of 7.84% and a net margin of 19.89%.The firm had revenue of C$643.72 million during the quarter. As a group, equities research analysts anticipate 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.