TD Securities Cuts Alamos Gold (TSE:AGI) Price Target to C$55.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective decreased by equities researchers at TD Securities from C$56.00 to C$55.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. TD Securities’ target price suggests a potential upside of 26.00% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. Stifel Canada raised shares of Alamos Gold to a “strong-buy” rating in a research note on Tuesday, July 8th. BMO Capital Markets lifted their price target on Alamos Gold from C$48.00 to C$51.00 in a research report on Tuesday, September 16th. CIBC lifted their price target on Alamos Gold from C$55.00 to C$74.00 in a research report on Friday, October 10th. Bank of America lifted their price target on Alamos Gold from C$55.00 to C$60.00 in a research report on Thursday, October 16th. Finally, Stifel Nicolaus lifted their price target on Alamos Gold from C$48.00 to C$65.00 in a research report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat, Alamos Gold currently has an average rating of “Buy” and an average target price of C$59.00.

Alamos Gold Stock Performance

AGI traded up C$0.41 during trading hours on Monday, hitting C$43.65. The company’s stock had a trading volume of 385,173 shares, compared to its average volume of 1,298,037. Alamos Gold has a fifty-two week low of C$24.47 and a fifty-two week high of C$52.73. 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 market capitalization of C$18.36 billion, a PE ratio of 34.10, a PEG ratio of -2.10 and a beta of 0.78. The company has a 50-day simple moving average of C$45.40 and a 200 day simple moving average of C$39.56.

Alamos Gold Company Profile

Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: the Young-Davidson Mine in Canada and the Mulatos and El Chanate Mines in Sonora, Mexico. The Young-Davidson mine is the group’s largest revenue contributor, and the property also holds mineral leases and claims covering approximately 11,000 acres.