Alamos Gold Inc. (TSE:AGI) Given Average Recommendation of “Buy” by Brokerages

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have been assigned an average recommendation of “Buy” from the six research firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$65.72.

AGI has been the topic of a number of analyst reports. Canadian Imperial Bank of Commerce increased their target price on shares of Alamos Gold from C$74.00 to C$80.00 in a research report on Wednesday, February 4th. National Bankshares boosted their price target on Alamos Gold from C$68.00 to C$75.00 and gave the company an “outperform” rating in a research note on Wednesday, January 14th. Bank of America increased their price target on Alamos Gold from C$55.00 to C$60.00 in a research report on Thursday, October 16th. Haywood Securities dropped their price objective on Alamos Gold from C$77.50 to C$71.50 in a report on Friday, February 6th. Finally, Stifel Nicolaus upped their target price on Alamos Gold from C$65.00 to C$80.00 in a research report on Tuesday.

Alamos Gold Stock Up 3.0%

AGI opened at C$61.26 on Wednesday. The stock has a fifty day moving average of C$54.70 and a 200-day moving average of C$47.60. The company has a market capitalization of C$25.72 billion, a P/E ratio of 47.86, a P/E/G ratio of -2.10 and a beta of 0.85. Alamos Gold has a fifty-two week low of C$31.38 and a fifty-two week high of C$61.83. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62.

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