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

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target dropped by Haywood Securities from C$77.50 to C$71.50 in a note issued to investors on Friday,BayStreet.CA reports. Haywood Securities’ price objective indicates a potential upside of 31.65% from the company’s previous close.

A number of other equities research analysts have also weighed in on AGI. Desjardins set a C$64.00 target price on shares of Alamos Gold and gave the stock a “buy” rating in a report on Friday, November 28th. Bank of America increased their price objective on Alamos Gold from C$55.00 to C$60.00 in a research note on Thursday, October 16th. National Bankshares raised their target price on Alamos Gold from C$68.00 to C$75.00 and gave the company an “outperform” rating in a report on Wednesday, January 14th. Stifel Nicolaus upped their price target on Alamos Gold from C$48.00 to C$65.00 in a report on Monday, October 20th. Finally, TD Securities increased their price target on Alamos Gold from C$55.00 to C$66.00 in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$64.06.

Alamos Gold Trading Up 5.3%

AGI traded up C$2.71 during trading on Friday, reaching C$54.31. 570,898 shares of the stock traded hands, compared to its average volume of 1,146,919. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48. The stock’s 50-day moving average is C$54.29 and its 200 day moving average is C$46.95. Alamos Gold has a 12 month low of C$31.38 and a 12 month high of C$61.83. The stock has a market capitalization of C$22.80 billion, a PE ratio of 42.43, a P/E/G ratio of -2.10 and a beta of 0.85.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its earnings results on Wednesday, October 29th. The company reported C$0.65 earnings per share (EPS) for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 7.84%. The company had revenue of C$643.72 million for the quarter. 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.