TD Securities Boosts Alamos Gold (TSE:AGI) Price Target to C$37.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price boosted by analysts at TD Securities from C$35.00 to C$37.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 13.85% from the company’s current price.

A number of other brokerages have also issued reports on AGI. CIBC raised their price target on Alamos Gold from C$44.00 to C$46.00 in a research note on Friday, February 21st. National Bank Financial upgraded Alamos Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Canaccord Genuity Group upped their target price on shares of Alamos Gold from C$35.00 to C$39.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, National Bankshares raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price objective for the company in a research note on Tuesday, December 3rd. Seven investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Alamos Gold presently has a consensus rating of “Buy” and an average price target of C$31.25.

Alamos Gold Trading Down 0.6 %

Shares of Alamos Gold stock traded down C$0.19 on Friday, reaching C$32.50. The company had a trading volume of 411,805 shares, compared to its average volume of 733,374. The firm’s 50-day moving average price is C$29.54 and its two-hundred day moving average price is C$27.65. Alamos Gold has a 1 year low of C$15.94 and a 1 year high of C$34.42. The firm has a market cap of C$9.61 billion, a price-to-earnings ratio of 38.70, a P/E/G ratio of -2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06.

Insider Activity

In other Alamos Gold news, Director David Alexander Fleck bought 2,000 shares of Alamos Gold stock in a transaction on Wednesday, December 18th. The stock was bought at an average price of C$26.85 per share, with a total value 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.