Brokerages Set Alamos Gold Inc. (TSE:AGI) Price Target at C$65.72

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has been given an average rating of “Buy” by the five research firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$65.72.

AGI has been the subject of several research reports. TD Securities boosted their price target on Alamos Gold from C$55.00 to C$66.00 in a research report on Thursday, January 22nd. Desjardins set a C$64.00 target price on shares of Alamos Gold and gave the stock a “buy” rating in a research note on Friday, November 28th. National Bank Financial upped their target price on shares of Alamos Gold from C$68.00 to C$75.00 and gave the stock an “outperform” rating in a report on Wednesday, January 14th. Haywood Securities reduced their target price on shares of Alamos Gold from C$77.50 to C$71.50 in a research report on Friday, February 6th. Finally, Stifel Nicolaus boosted their price target on shares of Alamos Gold from C$65.00 to C$80.00 in a research report on Tuesday.

Alamos Gold Stock Up 7.2%

AGI opened at C$61.61 on Wednesday. Alamos Gold has a twelve month low of C$31.38 and a twelve month high of C$63.34. 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 company has a 50-day moving average price of C$55.33 and a 200 day moving average price of C$47.96. The company has a market cap of C$25.87 billion, a PE ratio of 48.13, a price-to-earnings-growth ratio of -2.10 and a beta of 0.85.

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

Alamos Gold Company Profile

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.