Alamos Gold (TSE:AGI) Price Target Raised to C$80.00 at Stifel Nicolaus

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price upped by Stifel Nicolaus from C$65.00 to C$80.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports.

A number of other research analysts have also recently issued reports on AGI. Desjardins set a C$64.00 price objective on Alamos Gold and gave the company a “buy” rating in a report on Friday, November 28th. National Bankshares boosted their target price on Alamos Gold from C$68.00 to C$75.00 and gave the stock an “outperform” rating in a report on Wednesday, January 14th. Haywood Securities reduced their price objective on Alamos Gold from C$77.50 to C$71.50 in a research note on Friday, February 6th. TD Securities lifted their price target on Alamos Gold from C$55.00 to C$66.00 in a report on Thursday, January 22nd. Finally, Bank of America raised their price objective on shares of Alamos Gold from C$55.00 to C$60.00 in a research report on Thursday, October 16th. Two equities research 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, Alamos Gold currently has a consensus rating of “Buy” and a consensus price target of C$65.72.

Alamos Gold Stock Up 3.0%

AGI stock opened at C$61.26 on Tuesday. The business’s 50-day simple moving average is C$54.70 and its 200 day simple moving average is C$47.60. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48. The company has a market cap of C$25.72 billion, a PE ratio of 47.86, a price-to-earnings-growth ratio of -2.10 and a beta of 0.85. Alamos Gold has a twelve month low of C$31.38 and a twelve month high of C$61.83.

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