Alamos Gold (TSE:AGI) Price Target Raised to C$39.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target hoisted by equities research analysts at Canaccord Genuity Group from C$35.00 to C$39.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 18.47% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. National Bankshares upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price target on the stock in a research note on Tuesday, December 3rd. CIBC increased their target price on shares of Alamos Gold from C$44.00 to C$46.00 in a research note on Friday, February 21st. Finally, National Bank Financial raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Seven research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$30.58.

Alamos Gold Trading Down 2.5 %

TSE:AGI traded down C$0.86 during trading hours on Thursday, reaching C$32.92. The company’s stock had a trading volume of 476,273 shares, compared to its average volume of 725,448. The firm has a market capitalization of C$9.74 billion, a price-to-earnings ratio of 39.20, a PEG ratio of -2.10 and a beta of 1.10. Alamos Gold has a 1 year low of C$15.43 and a 1 year high of C$34.42. 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 firm has a 50-day simple moving average of C$29.41 and a 200-day simple moving average of C$27.62.

Insider Transactions at Alamos Gold

In other Alamos Gold news, Director David Alexander Fleck bought 2,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was purchased at an average price of C$26.85 per share, for a total transaction of C$53,700.00. Insiders own 0.27% of the company’s stock.

About Alamos Gold

Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: the Young-Davidson Mine in Canada and the Mulatos and El Chanate Mines in Sonora, Mexico. The Young-Davidson mine is the group’s largest revenue contributor, and the property also holds mineral leases and claims covering approximately 11,000 acres.