Alamos Gold (TSE:AGI) Given New C$46.00 Price Target at National Bankshares

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective increased by investment analysts at National Bankshares from C$38.00 to C$46.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 23.19% from the company’s previous close.

A number of other equities analysts have also commented on the company. CIBC increased their price target on Alamos Gold from C$44.00 to C$46.00 in a research note on Friday, February 21st. TD Securities increased their price target on Alamos Gold from C$35.00 to C$37.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Canaccord Genuity Group raised their price objective on Alamos Gold from C$35.00 to C$39.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, National Bank Financial raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$34.78.

Alamos Gold Stock Performance

AGI traded up C$0.39 during midday trading on Wednesday, reaching C$37.34. The company had a trading volume of 374,887 shares, compared to its average volume of 829,258. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48. The business has a 50-day moving average of C$31.66 and a two-hundred day moving average of C$28.57. The company has a market cap of C$11.04 billion, a P/E ratio of 44.46, a P/E/G ratio of -2.10 and a beta of 1.10. Alamos Gold has a 1 year low of C$17.75 and a 1 year high of C$37.60.

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.