Alamos Gold Inc. (TSE:AGI) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have earned a consensus recommendation of “Buy” from the three brokerages that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have covered the stock in the last year is C$74.70.

Separately, Canadian Imperial Bank of Commerce reduced their price target on Alamos Gold from C$82.00 to C$75.00 in a report on Thursday, July 30th.

Alamos Gold Stock Performance

Shares of AGI opened at C$48.50 on Wednesday. The firm has a 50-day moving average of C$44.58 and a 200-day moving average of C$54.21. Alamos Gold has a one year low of C$38.03 and a one year high of C$75.78. The company has a market cap of C$20.30 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of -2.10 and a beta of 1.87. The company has a debt-to-equity ratio of 4.50, a current ratio of 1.78 and a quick ratio of 1.05.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$0.84 earnings per share for the quarter. The company had revenue of C$844.09 million for the quarter. Alamos Gold had a net margin of 52.85% and a return on equity of 26.10%. As a group, equities analysts forecast 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.