National Bank Financial Issues Positive Forecast for Alamos Gold (TSE:AGI) Stock Price

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price raised by analysts at National Bank Financial from C$76.00 to C$81.00 in a research note issued on Monday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 64.23% from the company’s previous close.

Separately, Canadian Imperial Bank of Commerce decreased their price objective on Alamos Gold from C$82.00 to C$75.00 in a report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$76.67.

Alamos Gold Price Performance

Shares of AGI stock traded down C$0.66 on Monday, hitting C$49.32. 279,411 shares of the company’s stock were exchanged, compared to its average volume of 1,184,610. The company has a debt-to-equity ratio of 4.50, a current ratio of 1.78 and a quick ratio of 1.05. The stock has a market cap of C$20.65 billion, a P/E ratio of 17.68, a price-to-earnings-growth ratio of -2.10 and a beta of 2.13. Alamos Gold has a 12 month low of C$38.03 and a 12 month high of C$75.78. The company has a 50 day moving average of C$46.30 and a 200 day moving average of C$52.77.

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 (EPS) for the quarter. The company had revenue of C$844.09 million during the quarter. Alamos Gold had a return on equity of 26.10% and a net margin of 52.85%. On average, equities research analysts predict 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.