Desjardins Issues Positive Forecast for Alamos Gold (TSE:AGI) Stock Price

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target hoisted by Desjardins from C$70.00 to C$80.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 15.82% from the stock’s current price.

A number of other brokerages have also weighed in on AGI. National Bank Financial upped their target price on Alamos Gold from C$68.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Canadian Imperial Bank of Commerce raised their target price on Alamos Gold from C$74.00 to C$80.00 in a research report on Wednesday, February 4th. Stifel Nicolaus boosted their price target on shares of Alamos Gold from C$65.00 to C$80.00 in a report on Tuesday, February 10th. TD Securities increased their price target on shares of Alamos Gold from C$55.00 to C$66.00 in a research report on Thursday, January 22nd. Finally, Haywood Securities lowered their price objective on shares of Alamos Gold from C$77.50 to C$71.50 in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$67.50.

Alamos Gold Stock Performance

Shares of AGI traded up C$0.99 during mid-day trading on Tuesday, hitting C$69.07. 419,724 shares of the company’s stock were exchanged, compared to its average volume of 1,117,041. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48. Alamos Gold has a 52 week low of C$31.83 and a 52 week high of C$69.36. The firm has a market cap of C$29.00 billion, a price-to-earnings ratio of 53.96, a price-to-earnings-growth ratio of -2.10 and a beta of 0.85. The stock’s 50-day simple moving average is C$56.70 and its 200-day simple moving average is C$49.31.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings data on Wednesday, February 18th. The company reported C$0.74 earnings per share 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$765.13 million during the quarter. On average, equities research analysts expect that Alamos Gold will post 1.4774775 EPS for the current 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.