Alamos Gold Inc. (TSE:AGI) Receives Consensus Recommendation of “Buy” from Brokerages

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has earned an average recommendation of “Buy” from the four research firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$76.20.

A number of equities research analysts recently commented on AGI shares. National Bank Financial dropped their price objective on Alamos Gold from C$88.00 to C$87.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Canaccord Genuity Group raised their target price on Alamos Gold from C$72.00 to C$80.00 in a research report on Wednesday, April 8th. Finally, TD boosted their target price on Alamos Gold from C$70.00 to C$78.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st.

Alamos Gold Stock Performance

TSE AGI opened at C$39.62 on Tuesday. Alamos Gold has a 52-week low of C$33.11 and a 52-week high of C$75.78. The company has a 50-day simple moving average of C$48.74 and a 200 day simple moving average of C$56.50. The company has a debt-to-equity ratio of 4.77, a quick ratio of 1.05 and a current ratio of 1.74. The company has a market capitalization of C$16.64 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of -2.10 and a beta of 1.89.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its earnings results on Wednesday, April 29th. The company reported C$0.76 earnings per share for the quarter. Alamos Gold had a net margin of 51.42% and a return on equity of 25.24%. The firm had revenue of C$829.59 million for the quarter. On average, research analysts predict that Alamos Gold will post 1.4774775 EPS 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.