Alamos Gold (TSE:AGI) Hits New 12-Month High – What’s Next?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) shares reached a new 52-week high on Tuesday . The stock traded as high as C$37.88 and last traded at C$37.50, with a volume of 388303 shares traded. The stock had previously closed at C$36.75.

Analyst Upgrades and Downgrades

AGI has been the subject of a number of research reports. TD Securities increased their target price on Alamos Gold from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. National Bankshares increased their price objective on Alamos Gold from C$38.00 to C$46.00 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. CIBC boosted their price target on shares of Alamos Gold from C$44.00 to C$46.00 in a research report on Friday, February 21st. Canaccord Genuity Group increased their price objective 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, February 27th. Finally, National Bank Financial raised Alamos Gold to a “strong-buy” rating in a research report on Friday. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$34.78.

Alamos Gold Price Performance

The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06. The company’s 50-day simple moving average is C$32.40 and its 200-day simple moving average is C$28.88. The stock has a market capitalization of C$11.07 billion, a price-to-earnings ratio of 44.55, a P/E/G ratio of -2.10 and a beta of 1.10.

Alamos Gold Company Profile

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.