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

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has received an average recommendation of “Buy” from the six analysts that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$62.38.

Several brokerages have recently weighed in on AGI. National Bankshares boosted their price target on shares of Alamos Gold from C$68.00 to C$75.00 and gave the company an “outperform” rating in a research report on Wednesday, January 14th. 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. TD Securities increased their price target on shares of Alamos Gold from C$55.00 to C$66.00 in a research note on Thursday. Stifel Nicolaus raised their price target on shares of Alamos Gold from C$48.00 to C$65.00 in a report on Monday, October 20th. Finally, 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.

Alamos Gold Price Performance

TSE:AGI opened at C$59.52 on Friday. Alamos Gold has a one year low of C$28.41 and a one year high of C$60.86. The stock has a market cap of C$24.99 billion, a PE ratio of 46.50, a P/E/G ratio of -2.10 and a beta of 0.90. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62. The stock has a 50 day moving average price of C$53.07 and a 200 day moving average price of C$45.74.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings data on Wednesday, October 29th. The company reported C$0.65 earnings per share 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. Equities research analysts expect that Alamos Gold will post 1.4774775 EPS for the current fiscal 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.