Alamos Gold (TSE:AGI) Sets New 52-Week High – Time to Buy?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) shares hit a new 52-week high during trading on Thursday . The company traded as high as C$70.66 and last traded at C$70.39, with a volume of 467745 shares. The stock had previously closed at C$68.40.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AGI shares. National Bank Financial lifted their price target on Alamos Gold from C$68.00 to C$75.00 and gave the company an “outperform” rating in a research note on Wednesday, January 14th. TD Securities boosted their price objective on Alamos Gold from C$55.00 to C$66.00 in a research report on Thursday, January 22nd. Stifel Nicolaus increased their target price on Alamos Gold from C$65.00 to C$80.00 in a research report on Tuesday, February 10th. Canadian Imperial Bank of Commerce lifted their price target on shares of Alamos Gold from C$74.00 to C$80.00 in a research note on Wednesday, February 4th. Finally, Haywood Securities cut their price target on shares of Alamos Gold from C$77.50 to C$71.50 in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$67.50.

Alamos Gold Price Performance

The company has a 50-day moving average of C$57.39 and a 200 day moving average of C$49.67. 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 stock has a market capitalization of C$29.56 billion, a PE ratio of 33.52, a PEG ratio of -2.10 and a beta of 0.85.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its earnings results on Wednesday, February 18th. The company reported C$0.74 earnings per share (EPS) for the quarter. The business had revenue of C$765.13 million during the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 7.84%. Sell-side analysts predict that Alamos Gold Inc. 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.