Alamos Gold (TSE:AGI) Stock Rating Upgraded by National Bankshares

Alamos Gold (TSE:AGI) (NYSE:AGI) was upgraded by stock analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a C$35.00 target price on the stock. National Bankshares’ price objective would indicate a potential upside of 27.13% from the stock’s current price.

AGI has been the topic of several other research reports. CIBC upped their price objective on shares of Alamos Gold from C$38.00 to C$40.00 in a research note on Monday. National Bank Financial lowered shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. Finally, BMO Capital Markets lifted their price objective on Alamos Gold from C$27.00 to C$31.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$26.50.

Alamos Gold Price Performance

Shares of AGI stock traded up C$1.54 during mid-day trading on Tuesday, hitting C$27.53. 859,810 shares of the stock traded hands, compared to its average volume of 713,284. The firm has a market cap of C$11.55 billion, a price-to-earnings ratio of 40.49, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. Alamos Gold has a twelve month low of C$15.27 and a twelve month high of C$29.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 3.04. The company’s 50-day simple moving average is C$27.09 and its 200-day simple moving average is C$24.80.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.04). The company had revenue of C$492.35 million during the quarter. Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. As a group, equities research analysts expect that Alamos Gold will post 1.4774775 earnings per share for the current year.

Insider Activity at Alamos Gold

In related news, Senior Officer John Michael Fitzgerald sold 20,456 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$27.73, for a total transaction of C$567,150.78. Also, Senior Officer Nicole Marie Lichowit sold 1,590 shares of Alamos Gold stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$28.66, for a total transaction of C$45,569.40. Following the completion of the sale, the insider now directly owns 374 shares in the company, valued at approximately C$10,718.84. This represents a 80.96 % decrease in their position. 0.27% of the stock is owned by corporate insiders.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.