Alamos Gold (TSE:AGI) Reaches New 1-Year High on Analyst Upgrade

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s share price hit a new 52-week high during mid-day trading on Wednesday after Stifel Nicolaus raised their price target on the stock from C$65.00 to C$80.00. The stock traded as high as C$63.20 and last traded at C$61.75, with a volume of 452471 shares. The stock had previously closed at C$61.26.

Several other analysts also recently issued reports on AGI. National Bank Financial upped their price target on Alamos Gold from C$68.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 14th. Bank of America boosted their target price on Alamos Gold from C$55.00 to C$60.00 in a report on Thursday, October 16th. TD Securities increased their price target on Alamos Gold from C$55.00 to C$66.00 in a report on Thursday, January 22nd. Desjardins set a C$64.00 price objective on shares of Alamos Gold and gave the stock a “buy” rating in a research note on Friday, November 28th. Finally, Haywood Securities decreased their price objective on shares of Alamos Gold from C$77.50 to C$71.50 in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat, Alamos Gold currently has an average rating of “Buy” and an average target price of C$65.72.

Alamos Gold Trading Up 2.4%

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 stock has a market cap of C$26.32 billion, a P/E ratio of 48.98, a price-to-earnings-growth ratio of -2.10 and a beta of 0.85. The business’s fifty day simple moving average is C$54.96 and its 200 day simple moving average is C$47.70.

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