Alamos Gold (TSE:AGI) Price Target Raised to C$80.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective upped by Canadian Imperial Bank of Commerce from C$74.00 to C$80.00 in a report published on Wednesday,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the company. Desjardins set a C$64.00 price objective on Alamos Gold and gave the company a “buy” rating in a report on Friday, November 28th. Bank of America increased their target price on Alamos Gold from C$55.00 to C$60.00 in a report on Thursday, October 16th. TD Securities boosted their price target on Alamos Gold from C$55.00 to C$66.00 in a research note on Thursday, January 22nd. National Bankshares upped their price objective on shares of Alamos Gold from C$68.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Finally, Stifel Nicolaus increased their price objective on shares of Alamos Gold from C$48.00 to C$65.00 in a research note on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$64.06.

Alamos Gold Stock Performance

TSE AGI opened at C$54.88 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48. The company has a market capitalization of C$23.04 billion, a P/E ratio of 42.88, a P/E/G ratio of -2.10 and a beta of 0.85. Alamos Gold has a 12-month low of C$31.38 and a 12-month high of C$61.83. The firm has a 50-day moving average price of C$54.34 and a two-hundred day moving average price of C$47.09.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its earnings results on Wednesday, October 29th. The company reported C$0.65 EPS for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 7.84%. The company had revenue of C$643.72 million for the quarter. Analysts anticipate 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.