Haywood Securities Cuts Alamos Gold (TSE:AGI) Price Target to C$71.50

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target reduced by research analysts at Haywood Securities from C$77.50 to C$71.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Haywood Securities’ price objective points to a potential upside of 31.65% from the stock’s current price.

AGI has been the topic of several other research reports. Bank of America increased their price objective on shares of Alamos Gold from C$55.00 to C$60.00 in a research note on Thursday, October 16th. TD Securities upped their target price on Alamos Gold from C$55.00 to C$66.00 in a report on Thursday, January 22nd. National Bankshares raised their price target 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. CIBC upped their price objective on Alamos Gold from C$74.00 to C$80.00 in a research note on Wednesday. Finally, Desjardins set a C$64.00 target price on Alamos Gold and gave the company a “buy” rating in a research note on Friday, November 28th. Two equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$64.06.

Alamos Gold Stock Up 5.3%

AGI stock traded up C$2.71 during trading on Friday, reaching C$54.31. The stock had a trading volume of 570,898 shares, compared to its average volume of 1,146,919. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48. The firm has a fifty day moving average price of C$54.29 and a 200 day moving average price of C$46.95. The company has a market capitalization of C$22.80 billion, a P/E ratio of 42.43, a PEG ratio of -2.10 and a beta of 0.85. Alamos Gold has a 1-year low of C$31.38 and a 1-year high of C$61.83.

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 business had revenue of C$643.72 million during the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 7.84%. On average, equities analysts anticipate that Alamos Gold will post 1.4774775 earnings per share 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.