Alamos Gold Inc. (TSE:AGI) Given Consensus Rating of “Buy” by Analysts

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has received a consensus recommendation of “Buy” from the five brokerages that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$76.20.

A number of brokerages have recently issued reports on AGI. Canadian Imperial Bank of Commerce upped their price target on Alamos Gold from C$80.00 to C$90.00 in a report on Thursday, February 26th. Bank of America upped their price target on Alamos Gold from C$67.00 to C$78.50 in a report on Thursday, February 26th. National Bank Financial decreased their target price on shares of Alamos Gold from C$88.00 to C$87.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Canaccord Genuity Group boosted their target price on shares of Alamos Gold from C$72.00 to C$80.00 in a research note on Wednesday, April 8th. Finally, Desjardins boosted their target price on shares of Alamos Gold from C$70.00 to C$80.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th.

Alamos Gold Stock Performance

Shares of TSE:AGI traded down C$9.79 during midday trading on Friday, reaching C$41.61. 2,543,964 shares of the company’s stock traded hands, compared to its average volume of 1,074,693. The company has a market cap of C$17.47 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of -2.10 and a beta of 1.73. The company has a debt-to-equity ratio of 4.77, a quick ratio of 1.06 and a current ratio of 1.74. Alamos Gold has a one year low of C$33.11 and a one year high of C$75.78. The stock has a 50 day moving average of C$57.11 and a 200 day moving average of C$58.01.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.76 earnings per share (EPS) for the quarter. The firm had revenue of C$829.59 million for the quarter. Alamos Gold had a return on equity of 25.24% and a net margin of 51.42%. As a group, equities research analysts anticipate that Alamos Gold will post 1.4774775 EPS 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.