Alamos Gold (TSE:AGI) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$51.74 and traded as high as C$69.61. Alamos Gold shares last traded at C$69.46, with a volume of 1,375,190 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Stifel Nicolaus raised their target price on Alamos Gold from C$65.00 to C$80.00 in a report on Tuesday, February 10th. Bank of America upped their price objective on Alamos Gold from C$67.00 to C$78.50 in a research report on Thursday, February 26th. National Bank Financial raised their price objective 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. TD Securities lifted their target price on Alamos Gold from C$55.00 to C$66.00 in a research report on Thursday, January 22nd. Finally, Desjardins boosted their target price on Alamos Gold from C$70.00 to C$80.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$70.67.

Alamos Gold Trading Up 2.5%

The business’s 50 day simple moving average is C$60.06 and its two-hundred day simple moving average is C$51.74. The stock has a market cap of C$29.16 billion, a P/E ratio of 33.08, a PEG ratio of -2.10 and a beta of 1.55. The company has a quick ratio of 1.06, a current ratio of 1.72 and a debt-to-equity ratio of 5.27.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings results on Wednesday, February 18th. The company reported C$0.74 EPS for the quarter. Alamos Gold had a return on equity of 22.48% and a net margin of 49.07%.The company had revenue of C$765.13 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.