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

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have been given a consensus rating of “Buy” by the five analysts that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$76.20.

A number of equities analysts have weighed in on the stock. National Bank Financial decreased their target price on shares of Alamos Gold from C$88.00 to C$87.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Desjardins increased their price objective on shares of Alamos Gold from C$70.00 to C$80.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. TD increased their price objective on shares of Alamos Gold from C$70.00 to C$78.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Canadian Imperial Bank of Commerce increased their price objective on shares of Alamos Gold from C$80.00 to C$90.00 in a research report on Thursday, February 26th. Finally, Canaccord Genuity Group increased their price objective on shares of Alamos Gold from C$72.00 to C$80.00 in a research report on Wednesday, April 8th.

Alamos Gold Stock Down 19.0%

Shares of TSE AGI traded down C$9.79 on Friday, reaching C$41.61. 2,543,964 shares of the company’s stock traded hands, compared to its average volume of 1,074,693. Alamos Gold has a 12 month low of C$33.11 and a 12 month high of C$75.78. The business’s 50 day simple moving average is C$57.11 and its two-hundred day simple moving average is C$58.01. The company has a market cap of C$17.47 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of -2.10 and a beta of 1.73. The company has a quick ratio of 1.06, a current ratio of 1.74 and a debt-to-equity ratio of 4.77.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its earnings results on Wednesday, April 29th. The company reported C$0.76 earnings per share for the quarter. Alamos Gold had a net margin of 51.42% and a return on equity of 25.24%. The business had revenue of C$829.59 million during the quarter. As a group, equities research analysts forecast that Alamos Gold will post 1.4774775 EPS for the current fiscal 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.