Alamos Gold Inc. (TSE:AGI) Stock Now Rated “Buy” by Sell-Side Brokerages

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have earned an average rating of “Buy” from the three brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have covered the stock in the last year is C$76.67.

A number of research firms have commented on AGI. Canadian Imperial Bank of Commerce lowered their price target on Alamos Gold from C$82.00 to C$75.00 in a research report on Thursday, July 30th. National Bank Financial increased their price objective on Alamos Gold from C$76.00 to C$81.00 and gave the stock an “outperform” rating in a report on Monday, September 21st.

Alamos Gold Stock Down 0.5%

Shares of TSE AGI opened at C$44.55 on Thursday. The stock has a market capitalization of C$18.65 billion, a P/E ratio of 15.97, a PEG ratio of -2.10 and a beta of 2.07. Alamos Gold has a one year low of C$38.03 and a one year high of C$75.78. The firm’s 50 day simple moving average is C$48.39 and its two-hundred day simple moving average is C$50.20. 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 announced its quarterly earnings data on Wednesday, July 29th. The company reported C$0.84 earnings per share (EPS) for the quarter. The firm had revenue of C$844.09 million for the quarter. Alamos Gold had a return on equity of 26.10% and a net margin of 52.85%. As a group, analysts expect that Alamos Gold will post 1.48 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.