Alamos Gold Inc. (TSE:AGI) Stock Rated “Buy” by Wall Street Analysts

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have earned a consensus rating of “Buy” from the three analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$76.67.

A number of research analysts recently issued reports on the company. Canadian Imperial Bank of Commerce reduced their price target on Alamos Gold from C$82.00 to C$75.00 in a report on Thursday, July 30th. National Bank Financial lifted their price objective on Alamos Gold from C$76.00 to C$81.00 and gave the stock an “outperform” rating in a research report on Monday, September 21st.

Alamos Gold Trading Down 1.5%

Shares of AGI opened at C$45.36 on Friday. The stock has a market capitalization of C$18.99 billion, a P/E ratio of 16.26, a PEG ratio of -2.10 and a beta of 2.13. Alamos Gold has a twelve month low of C$38.03 and a twelve month high of C$75.78. The company has a quick ratio of 1.05, a current ratio of 1.78 and a debt-to-equity ratio of 4.50. The firm has a fifty day simple moving average of C$47.56 and a two-hundred day simple moving average of C$51.50.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$0.84 earnings per share (EPS) for the quarter. The firm had revenue of C$844.09 million for the quarter. Alamos Gold had a net margin of 52.85% and a return on equity of 26.10%. On average, research analysts anticipate that Alamos Gold 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.