Alamos Gold (TSE:AGI) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$53.21 and traded as high as C$58.92. Alamos Gold shares last traded at C$57.89, with a volume of 976,428 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AGI. Canadian Imperial Bank of Commerce increased their price target on Alamos Gold from C$80.00 to C$90.00 in a report on Thursday, February 26th. TD Securities lifted their price objective on Alamos Gold from C$55.00 to C$66.00 in a report on Thursday, January 22nd. Stifel Nicolaus upped their price objective on Alamos Gold from C$65.00 to C$80.00 in a research report on Tuesday, February 10th. Desjardins increased their target price on Alamos Gold from C$70.00 to C$80.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Finally, National Bank Financial raised their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat, Alamos Gold presently has an average rating of “Buy” and an average target price of C$70.67.

Alamos Gold Price Performance

The company has a market capitalization of C$24.76 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of -2.10 and a beta of 1.55. The company has a debt-to-equity ratio of 5.27, a current ratio of 1.72 and a quick ratio of 1.06. The firm’s 50-day moving average is C$61.18 and its 200-day moving average is C$53.33.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings results on Thursday, February 19th. The company reported C$0.74 earnings per share for the quarter. The business had revenue of C$765.13 million for the quarter. Alamos Gold had a net margin of 49.07% and a return on equity of 22.48%. Analysts predict that Alamos Gold Inc. will post 1.4774775 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.