Alamos Gold (TSE:AGI) Price Target Raised to C$78.50

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price upped by Bank of America from C$67.00 to C$78.50 in a research report released on Thursday morning,BayStreet.CA reports.

A number of other research analysts have also issued reports on AGI. Canadian Imperial Bank of Commerce increased their target price on Alamos Gold from C$80.00 to C$90.00 in a research report on Thursday. Desjardins upped their price objective on shares of Alamos Gold from C$70.00 to C$80.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. TD Securities lifted their target price on shares of Alamos Gold from C$55.00 to C$66.00 in a research report on Thursday, January 22nd. National Bank Financial boosted their target price on shares of 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. Finally, Stifel Nicolaus upped their price target on shares of Alamos Gold from C$65.00 to C$80.00 in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Alamos Gold currently has a consensus rating of “Buy” and a consensus price target of C$70.67.

Alamos Gold Trading Up 3.1%

TSE AGI opened at C$73.93 on Thursday. Alamos Gold has a 1 year low of C$31.83 and a 1 year high of C$74.13. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06. The company has a market capitalization of C$31.04 billion, a PE ratio of 35.20, a P/E/G ratio of -2.10 and a beta of 0.85. The company has a fifty day moving average of C$58.20 and a 200 day moving average of C$50.19.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings data on Wednesday, February 18th. The company reported C$0.74 EPS for the quarter. The business had revenue of C$765.13 million for the quarter. Alamos Gold had a return on equity of 7.84% and a net margin of 19.89%. Research analysts forecast that Alamos Gold will post 1.4774775 earnings per share 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.