Alamos Gold (TSE:AGI) Price Target Raised to C$66.00 at TD Securities

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target raised by analysts at TD Securities from C$55.00 to C$66.00 in a research report issued on Thursday,BayStreet.CA reports. TD Securities’ price target suggests a potential upside of 13.15% from the company’s current price.

A number of other equities analysts have also weighed in on AGI. Bank of America upped their target price on Alamos Gold from C$55.00 to C$60.00 in a research note on Thursday, October 16th. National Bankshares boosted their price objective on Alamos Gold from C$68.00 to C$75.00 and gave the stock an “outperform” rating in a report on Wednesday, January 14th. 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. CIBC boosted their price target on shares of Alamos Gold from C$55.00 to C$74.00 in a research note on Friday, October 10th. Finally, Desjardins set a C$64.00 price objective on shares of Alamos Gold and gave the company a “buy” rating in a research report on Friday, November 28th. Two investment 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, the company has an average rating of “Buy” and an average price target of C$62.38.

Alamos Gold Price Performance

TSE:AGI traded up C$2.78 during trading hours on Thursday, hitting C$58.33. The stock had a trading volume of 450,723 shares, compared to its average volume of 893,560. The company has a 50 day simple moving average of C$52.59 and a two-hundred day simple moving average of C$45.50. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06. Alamos Gold has a one year low of C$28.35 and a one year high of C$60.86. The firm has a market capitalization of C$24.49 billion, a price-to-earnings ratio of 45.57, a P/E/G ratio of -2.10 and a beta of 0.90.

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