Alamos Gold Inc. (TSE:AGI) Receives C$61.00 Consensus Price Target from Brokerages

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has been assigned a consensus rating of “Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$61.00.

Several research firms have commented on AGI. Stifel Nicolaus raised their target price on shares of Alamos Gold from C$48.00 to C$65.00 in a research note on Monday, October 20th. National Bankshares raised their price objective on shares of 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. Desjardins set a C$64.00 target price on Alamos Gold and gave the stock a “buy” rating in a research report on Friday, November 28th. CIBC raised their price objective on shares of Alamos Gold from C$55.00 to C$74.00 in a research report on Friday, October 10th. Finally, TD Securities cut their target price on shares of Alamos Gold from C$56.00 to C$55.00 in a research note on Monday, November 3rd.

Alamos Gold Stock Performance

Shares of TSE AGI opened at C$55.55 on Friday. Alamos Gold has a 12-month low of C$28.35 and a 12-month high of C$60.86. The company has a market cap of C$23.32 billion, a PE ratio of 43.40, a P/E/G ratio of -2.10 and a beta of 0.90. The stock has a 50 day simple moving average of C$52.59 and a 200-day simple moving average of C$45.50. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its earnings results on Wednesday, October 29th. The company reported C$0.65 EPS for the quarter. Alamos Gold had a return on equity of 7.84% and a net margin of 19.89%.The firm had revenue of C$643.72 million for the quarter. On average, equities research analysts forecast that Alamos Gold 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.