Alamos Gold (TSE:AGI) Given New C$44.00 Price Target at Canaccord Genuity Group

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target increased by stock analysts at Canaccord Genuity Group from C$39.00 to C$44.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 25.11% from the company’s current price.

Other research analysts also recently issued research reports about the company. National Bank Financial upgraded Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. CIBC raised their price objective on Alamos Gold from C$44.00 to C$46.00 in a research report on Friday, February 21st. TD Securities lifted their target price on shares of Alamos Gold from C$35.00 to C$37.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, National Bankshares raised their price target on shares of Alamos Gold from C$38.00 to C$46.00 and gave the company an “outperform” rating in a research report on Wednesday, March 19th. 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.com, the company currently has a consensus rating of “Buy” and an average price target of C$37.25.

Alamos Gold Stock Performance

Alamos Gold stock traded up C$0.27 during mid-day trading on Monday, hitting C$35.17. 844,414 shares of the company traded hands, compared to its average volume of 888,712. Alamos Gold has a one year low of C$19.63 and a one year high of C$38.98. The business’s fifty day moving average price is C$34.03. The firm has a market capitalization of C$10.40 billion, a PE ratio of 41.87, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48.

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.