Alamos Gold Inc. (TSE:AGI) Receives Average Target Price of C$33.41 from Analysts

Alamos Gold Inc. (TSE:AGI – Get Free Report) (NYSE:AGI) has recently received a favorable analysis from a group of eight ratings firms, which have provided the company with an average rating of “Buy,” according to Marketbeat.com. Out of these analysts, six have recommended a buy, while two have given a strong buy recommendation for the stock. The consensus one-year price target among brokers who have evaluated the stock in the past year stands at C$33.41.

Several analysts have recently shared insights regarding Alamos Gold. Notably, National Bankshares upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating, establishing a target price of C$35.00 for the stock in a report dated December 3rd. Furthermore, TD Securities raised their price objective from C$35.00 to C$37.00 and reaffirmed a “buy” rating in their research note on February 28th. On February 21st, CIBC increased their target price from C$44.00 to C$46.00 in another positive research note. In an earlier report, National Bank Financial upgraded the stock from a “hold” rating to a “strong-buy” rating on December 2nd, while Canaccord Genuity Group raised their price objective from C$35.00 to C$39.00 in a report published on February 27th.

Insider Trading Activity

In addition to analyst activity, there was insider trading reported. Director David Alexander Fleck bought 2,000 shares of Alamos Gold on December 18th at an average cost of C$26.85 per share, totaling an investment of C$53,700. Insider ownership currently stands at 0.27% of the stock.

Market Performance of Alamos Gold

As of Tuesday, shares of AGI opened at C$35.94. The company boasts a market capitalization of C$10.63 billion and shows a P/E ratio of 42.79 alongside a P/E/G ratio of -2.10 and a beta of 1.10. The business’s moving averages indicate a 50-day average of C$30.92 and a 200-day average of C$28.28. Alamos Gold has a debt-to-equity ratio of 8.48, a quick ratio of 1.06, and a current ratio of 1.62. The stock reached a fifty-two week low of C$17.72 and a high of C$36.41.

About Alamos Gold

Alamos Gold Inc. focuses on the acquisition, exploration, and production of gold and other precious metals, primarily operating in Canada and Mexico. The company has three active mines in North America: the Young-Davidson Mine in Canada, as well as the Mulatos and El Chanate Mines in Sonora, Mexico. The Young-Davidson mine is the largest source of revenue for the group and encompasses a substantial area of approximately 11,000 acres under mineral leases and claims.

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Alamos, Gold, Stock