Alamos Gold Inc. (TSE:AGI) Stock Has Consensus Price Target of C$76.67

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has received a consensus recommendation of “Buy” from the three brokerages that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$76.67.

A number of equities analysts have weighed in on the company. National Bank Financial upped their target price on Alamos Gold from C$76.00 to C$81.00 and gave the stock an “outperform” rating in a research note on Monday, September 21st. Canadian Imperial Bank of Commerce lowered their price target on Alamos Gold from C$82.00 to C$75.00 in a report on Thursday, July 30th.

Alamos Gold Trading Down 0.5%

TSE:AGI opened at C$44.55 on Thursday. Alamos Gold has a 12 month low of C$38.03 and a 12 month high of C$75.78. The company has a current ratio of 1.78, a quick ratio of 1.05 and a debt-to-equity ratio of 4.50. The firm’s 50 day moving average is C$48.39 and its 200 day moving average is C$50.20. The stock has a market capitalization of C$18.65 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of -2.10 and a beta of 2.07.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its earnings results on Wednesday, July 29th. The company reported C$0.84 earnings per share for the quarter. Alamos Gold had a net margin of 52.85% and a return on equity of 26.10%. The firm had revenue of C$844.09 million during the quarter. Sell-side analysts expect that Alamos Gold will post 1.48 earnings per share 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.