Bank of America Issues Positive Forecast for Alamos Gold (TSE:AGI) Stock Price

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price hoisted by Bank of America from C$67.00 to C$78.50 in a research note published on Thursday morning,BayStreet.CA reports.

A number of other equities research analysts have also recently issued reports on the stock. Canadian Imperial Bank of Commerce upped their price objective on shares of Alamos Gold from C$80.00 to C$90.00 in a research note on Thursday. Haywood Securities cut their price target on shares of Alamos Gold from C$77.50 to C$71.50 in a research report on Friday, February 6th. TD Securities raised their price objective on Alamos Gold from C$55.00 to C$66.00 in a research note on Thursday, January 22nd. Desjardins boosted their target price on Alamos Gold from C$70.00 to C$80.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Stifel Nicolaus raised their price target on Alamos Gold from C$65.00 to C$80.00 in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat, Alamos Gold currently has a consensus rating of “Buy” and an average target price of C$70.67.

Alamos Gold Stock Performance

Shares of TSE AGI opened at C$71.74 on Thursday. The stock’s 50-day moving average is C$57.78 and its 200 day moving average is C$49.83. The stock has a market cap of C$30.12 billion, a price-to-earnings ratio of 34.16, a P/E/G ratio of -2.10 and a beta of 0.85. Alamos Gold has a 1-year low of C$31.83 and a 1-year high of C$71.79. 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 issued its earnings results on Wednesday, February 18th. The company reported C$0.74 earnings per share (EPS) for the quarter. The business had revenue of C$765.13 million during the quarter. Alamos Gold had a return on equity of 7.84% and a net margin of 19.89%. On average, sell-side analysts anticipate that Alamos Gold will post 1.4774775 EPS 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.