Alamos Gold (TSE:AGI) Sets New 12-Month High – What’s Next?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$56.14 and last traded at C$55.67, with a volume of 416030 shares trading hands. The stock had previously closed at C$53.02.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Bank of America increased their price target on Alamos Gold from C$55.00 to C$60.00 in a research report on Thursday, October 16th. Desjardins set a C$64.00 target price on Alamos Gold and gave the stock a “buy” rating in a research note on Friday, November 28th. Stifel Nicolaus increased their target price on Alamos Gold from C$48.00 to C$65.00 in a research report on Monday, October 20th. BMO Capital Markets boosted their price target on shares of Alamos Gold from C$48.00 to C$51.00 in a report on Tuesday, September 16th. Finally, CIBC upped their price objective on shares of Alamos Gold from C$55.00 to C$74.00 in a research report on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$60.13.

Alamos Gold Price Performance

The firm has a market capitalization of C$23.15 billion, a PE ratio of 42.99, a price-to-earnings-growth ratio of -2.10 and a beta of 0.77. The stock’s 50 day simple moving average is C$48.34 and its two-hundred day simple moving average is C$42.82. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings results on Wednesday, October 29th. The company reported C$0.65 earnings per share (EPS) for the quarter. Alamos Gold had a return on equity of 7.84% and a net margin of 19.89%.The business had revenue of C$643.72 million during the quarter. On average, sell-side analysts forecast that Alamos Gold Inc. will post 1.4774775 EPS for the current year.

About Alamos Gold

Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: the Young-Davidson Mine in Canada and the Mulatos and El Chanate Mines in Sonora, Mexico. The Young-Davidson mine is the group’s largest revenue contributor, and the property also holds mineral leases and claims covering approximately 11,000 acres. Additionally, Alamos has a significant portfolio of projects in Turkey and the United States.