Alamos Gold (TSE:AGI) Hits New 1-Year High – What’s Next?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$60.05 and last traded at C$59.56, with a volume of 78663 shares. The stock had previously closed at C$58.13.

Analyst Ratings Changes

Several brokerages recently issued reports on AGI. Stifel Nicolaus raised their price objective on Alamos Gold from C$48.00 to C$65.00 in a research note on Monday, October 20th. CIBC boosted their target price on shares of Alamos Gold from C$55.00 to C$74.00 in a research note on Friday, October 10th. National Bankshares lifted their price target on shares of Alamos Gold from C$64.00 to C$68.00 and gave the company an “outperform” rating in a report on Tuesday, December 9th. TD Securities dropped their price objective on shares of Alamos Gold from C$56.00 to C$55.00 in a research note on Monday, November 3rd. Finally, Bank of America raised their target price on shares of Alamos Gold from C$55.00 to C$60.00 in a report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to MarketBeat.com, Alamos Gold currently has a consensus rating of “Buy” and an average price target of C$60.13.

Alamos Gold Stock Performance

The firm has a market cap of C$24.91 billion, a price-to-earnings ratio of 46.36, a PEG ratio of -2.10 and a beta of 0.90. The stock’s fifty day moving average is C$50.59 and its two-hundred day moving average is C$44.41. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62.

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 net margin of 19.89% and a return on equity of 7.84%. The firm had revenue of C$643.72 million during the quarter. On average, analysts expect that Alamos Gold Inc. will post 1.4774775 earnings per share for the current fiscal 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.