Alamos Gold Inc. (TSE:AGI) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have earned an average recommendation of “Buy” from the three analysts that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$74.70.

Separately, Canadian Imperial Bank of Commerce decreased their price target on Alamos Gold from C$82.00 to C$75.00 in a research note on Thursday, July 30th.

Alamos Gold Trading Down 4.5%

Alamos Gold stock opened at C$48.50 on Wednesday. The company has a market cap of C$20.30 billion, a price-to-earnings ratio of 17.38, a P/E/G ratio of -2.10 and a beta of 1.87. The firm has a 50-day moving average of C$44.58 and a 200-day moving average of C$54.21. The company has a debt-to-equity ratio of 4.50, a current ratio of 1.78 and a quick ratio of 1.05. Alamos Gold has a one year low of C$38.03 and a one year high of C$75.78.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its earnings results on Wednesday, July 29th. The company reported C$0.84 earnings per share (EPS) for the quarter. Alamos Gold had a return on equity of 26.10% and a net margin of 52.85%.The business had revenue of C$844.09 million for the quarter. On average, equities analysts expect that Alamos Gold will post 1.4774775 earnings per share 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.