Alamos Gold Inc. (TSE:AGI) Receives Average Recommendation of “Buy” from Brokerages

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has received an average rating of “Buy” from the eight research firms that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$28.78.

Several equities research analysts have issued reports on the company. National Bank Financial upgraded Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. National Bankshares upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price objective on the stock in a report on Tuesday, December 3rd. Finally, CIBC lifted their price objective on Alamos Gold from C$38.00 to C$40.00 in a report on Monday, December 2nd.

Insider Activity at Alamos Gold

In other news, Director David Alexander Fleck bought 2,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were purchased at an average price of C$26.85 per share, for a total transaction of C$53,700.00. 0.27% of the stock is owned by insiders.

Alamos Gold Stock Performance

Shares of TSE:AGI opened at C$28.23 on Monday. The company has a market cap of C$11.85 billion, a P/E ratio of 41.51, a PEG ratio of -2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 3.04. Alamos Gold has a one year low of C$15.27 and a one year high of C$29.66. The business’s 50-day simple moving average is C$26.73 and its 200 day simple moving average is C$26.01.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its earnings results on Wednesday, November 6th. The company reported C$0.26 EPS for the quarter, missing the consensus estimate of C$0.30 by C($0.04). The company had revenue of C$492.35 million for the quarter. Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. On average, sell-side analysts forecast that Alamos Gold will post 1.4774775 earnings per share for the current fiscal year.

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.