Alamos Gold (TSE:AGI) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$43.34 and traded as high as C$54.62. Alamos Gold shares last traded at C$53.56, with a volume of 572,003 shares traded.

Wall Street Analyst Weigh In

AGI has been the subject of several research reports. Stifel Nicolaus lifted their price objective on Alamos Gold from C$48.00 to C$65.00 in a report on Monday, October 20th. TD Securities dropped their price target on Alamos Gold from C$56.00 to C$55.00 in a research report on Monday, November 3rd. Desjardins set a C$64.00 price objective on shares of Alamos Gold and gave the stock a “buy” rating in a research report on Friday, November 28th. CIBC increased their price objective on shares of Alamos Gold from C$55.00 to C$74.00 in a research note on Friday, October 10th. Finally, National Bankshares lifted their target price on shares of Alamos Gold from C$64.00 to C$68.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. Two research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to data from MarketBeat, Alamos Gold presently has a consensus rating of “Buy” and an average target price of C$60.13.

Alamos Gold Trading Down 1.0%

The business has a 50-day moving average of C$48.95 and a 200 day moving average of C$43.41. The stock has a market cap of C$22.25 billion, a PE ratio of 41.41, a PEG ratio of -2.10 and a beta of 0.77. 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 released its quarterly earnings results on Wednesday, October 29th. The company reported C$0.65 earnings per share (EPS) for the quarter. The company 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%. Equities research analysts predict that Alamos Gold Inc. will post 1.4774775 EPS 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.