Alamos Gold (TSE:AGI) Hits New 52-Week High – Still a Buy?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$32.32 and last traded at C$32.11, with a volume of 402948 shares changing hands. The stock had previously closed at C$30.77.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AGI shares. National Bankshares raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 target price on the stock in a research report on Tuesday, December 3rd. National Bank Financial upgraded shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Finally, CIBC raised their target price on Alamos Gold from C$38.00 to C$40.00 in a research note on Monday, December 2nd. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$28.78.

Alamos Gold Stock Up 4.0 %

The firm has a market cap of C$13.44 billion, a P/E ratio of 47.07, a PEG ratio of -2.10 and a beta of 1.10. The firm’s 50-day moving average price is C$27.70 and its 200 day moving average price is C$26.64. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.04 and a quick ratio of 1.06.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued 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). Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. The firm had revenue of C$492.35 million during the quarter. On average, equities research analysts expect that Alamos Gold Inc. will post 1.4774775 earnings per share for the current fiscal year.

Insider Buying and Selling at Alamos Gold

In related news, Director David Alexander Fleck purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost 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 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.