Alamos Gold (TSE:AGI) Price Target Raised to C$26.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price raised by stock analysts at BMO Capital Markets from C$23.00 to C$26.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 31.25% from the stock’s previous close.

Several other research analysts have also recently issued reports on the stock. Jefferies Financial Group set a C$14.00 target price on shares of Alamos Gold and gave the stock a “buy” rating in a report on Thursday, February 29th. National Bank Financial reissued an “outperform overweight” rating on shares of Alamos Gold in a report on Wednesday, January 3rd. Desjardins lowered their price objective on shares of Alamos Gold from C$19.50 to C$18.75 and set a “hold” rating for the company in a research note on Friday, January 12th. Royal Bank of Canada raised Alamos Gold from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$12.00 to C$16.00 in a research note on Thursday, January 11th. Finally, TD Securities upped their price target on Alamos Gold from C$23.00 to C$24.00 and gave the company a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Alamos Gold has a consensus rating of “Moderate Buy” and a consensus price target of C$20.41.

Alamos Gold Trading Up 0.5 %

TSE AGI traded up C$0.09 during trading on Thursday, hitting C$19.81. 522,242 shares of the company’s stock traded hands, compared to its average volume of 589,537. The stock has a fifty day moving average of C$16.95 and a two-hundred day moving average of C$17.29. Alamos Gold has a 12-month low of C$14.80 and a 12-month high of C$20.20. The firm has a market cap of C$7.86 billion, a P/E ratio of 27.51, a PEG ratio of -2.10 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 1.06.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its earnings results on Wednesday, February 21st. The company reported C$0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.16. Alamos Gold had a return on equity of 7.44% and a net margin of 20.52%. The company had revenue of C$346.65 million during the quarter. As a group, sell-side analysts expect that Alamos Gold will post 0.8047079 EPS for the current year.

Insiders Place Their Bets

In related news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$18.66, for a total transaction of C$559,737.00. Corporate insiders own 0.29% of the company’s stock.

About Alamos Gold

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.