Alamos Gold (TSE:AGI) Reaches New 12-Month High Following Analyst Upgrade

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) shares hit a new 52-week high during mid-day trading on Wednesday after Stifel Nicolaus raised their price target on the stock from C$65.00 to C$80.00. The company traded as high as C$63.20 and last traded at C$61.75, with a volume of 452471 shares traded. The stock had previously closed at C$61.26.

AGI has been the topic of several other research reports. Desjardins set a C$64.00 target price on shares of Alamos Gold and gave the company a “buy” rating in a research note on Friday, November 28th. 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. Bank of America raised their price objective on shares of Alamos Gold from C$55.00 to C$60.00 in a research note on Thursday, October 16th. National Bankshares boosted their target price on 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. Finally, TD Securities upped their target price on Alamos Gold from C$55.00 to C$66.00 in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$65.72.

Alamos Gold Stock Performance

The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06. The firm has a market cap of C$25.92 billion, a price-to-earnings ratio of 48.23, a P/E/G ratio of -2.10 and a beta of 0.85. The firm has a fifty day simple moving average of C$54.70 and a two-hundred day simple moving average of C$47.60.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its earnings results on Wednesday, October 29th. The company reported C$0.65 earnings per share for the quarter. The company had revenue of C$643.72 million for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 7.84%. On average, analysts expect that Alamos Gold Inc. 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.