Alamos Gold (TSE:AGI) Reaches New 12-Month High – Should You Buy?

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$29.98 and last traded at C$29.92, with a volume of 68227 shares trading hands. The stock had previously closed at C$29.48.

Analysts Set New Price Targets

A number of brokerages have commented on AGI. National Bank Financial raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. National Bankshares raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price target on the stock in a research report on Tuesday, December 3rd. Finally, CIBC lifted 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 given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$28.78.

Alamos Gold Price Performance

The firm has a market capitalization of C$12.88 billion, a PE ratio of 45.13, a P/E/G ratio of -2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.04 and a quick ratio of 1.06. The business’s 50 day moving average is C$27.41 and its two-hundred day moving average is C$26.46.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.26 earnings per share for the quarter, missing the consensus estimate of C$0.30 by C($0.04). Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. The company had revenue of C$492.35 million for the quarter. As a group, research analysts anticipate that Alamos Gold Inc. will post 1.4774775 EPS for the current year.

Insider Transactions at Alamos Gold

In other Alamos Gold news, Director David Alexander Fleck acquired 2,000 shares of the 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. Company insiders own 0.27% of the company’s stock.

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.