Alamos Gold (TSE:AGI) Stock Price Expected to Rise, National Bankshares Analyst Says

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price boosted by equities researchers at National Bankshares from C$64.00 to C$68.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 34.41% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. CIBC lifted their price target on shares of Alamos Gold from C$55.00 to C$74.00 in a research report on Friday, October 10th. Desjardins set a C$64.00 target price on shares of Alamos Gold and gave the company a “buy” rating in a research note on Friday, November 28th. TD Securities dropped their price target on Alamos Gold from C$56.00 to C$55.00 in a research report on Monday, November 3rd. BMO Capital Markets upped their price target on Alamos Gold from C$48.00 to C$51.00 in a research note on Tuesday, September 16th. Finally, Bank of America lifted their price objective on Alamos Gold from C$55.00 to C$60.00 in a research note on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat, Alamos Gold has a consensus rating of “Buy” and a consensus price target of C$60.13.

Alamos Gold Stock Up 2.9%

AGI stock traded up C$1.42 during midday trading on Tuesday, hitting C$50.59. The stock had a trading volume of 325,923 shares, compared to its average volume of 1,237,906. The business has a 50-day moving average of C$47.11 and a two-hundred day moving average of C$41.47. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06. The firm has a market cap of C$21.28 billion, a price-to-earnings ratio of 39.52, a price-to-earnings-growth ratio of -2.10 and a beta of 0.77. Alamos Gold has a 52-week low of C$25.69 and a 52-week high of C$53.13.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings data on Wednesday, October 29th. The company reported C$0.65 EPS for the quarter. Alamos Gold had a return on equity of 7.84% and a net margin of 19.89%.The business had revenue of C$643.72 million during the quarter. As a group, equities research analysts forecast that Alamos Gold will post 1.4774775 earnings per share for the current fiscal year.

About Alamos Gold

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.