Stifel Nicolaus Issues Positive Forecast for Alamos Gold (TSE:AGI) Stock Price

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target upped by stock analysts at Stifel Nicolaus from C$65.00 to C$80.00 in a report issued on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ target price would suggest a potential upside of 31.38% from the stock’s current price.

A number of other equities analysts have also recently weighed in on AGI. Bank of America increased their price target on Alamos Gold from C$55.00 to C$60.00 in a report on Thursday, October 16th. National Bankshares upped their target price on shares of Alamos Gold from C$68.00 to C$75.00 and gave the company an “outperform” rating in a research report on Wednesday, January 14th. Desjardins set a C$64.00 target price on shares of Alamos Gold and gave the stock a “buy” rating in a research note on Friday, November 28th. Canadian Imperial Bank of Commerce boosted 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, TD Securities upped their price objective on shares of Alamos Gold from C$55.00 to C$66.00 in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat, Alamos Gold currently has an average rating of “Buy” and an average target price of C$65.72.

Alamos Gold Price Performance

Shares of AGI traded up C$1.40 during mid-day trading on Tuesday, hitting C$60.89. 527,283 shares of the company were exchanged, compared to its average volume of 1,140,494. Alamos Gold has a 1-year low of C$31.38 and a 1-year high of C$61.83. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62. The company has a 50 day moving average of C$54.49 and a 200-day moving average of C$47.42. The stock has a market cap of C$25.56 billion, a price-to-earnings ratio of 47.57, a price-to-earnings-growth ratio of -2.10 and a beta of 0.85.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its earnings results on Wednesday, October 29th. The company reported C$0.65 earnings per share (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 expect that Alamos Gold will post 1.4774775 EPS for the current fiscal 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.