Alamos Gold (TSE:AGI) Price Target Raised to C$52.25

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target raised by National Bankshares from C$51.75 to C$52.25 in a report published on Friday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on AGI. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. TD Securities cut their price target on Alamos Gold from C$48.00 to C$45.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Canaccord Genuity Group lifted their price target on Alamos Gold from C$39.00 to C$44.00 and gave the company a “buy” rating in a report on Monday, April 7th. Finally, CIBC boosted their price objective on Alamos Gold from C$46.00 to C$48.00 in a report on Thursday, April 17th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$41.54.

Alamos Gold Trading Down 1.7%

Shares of Alamos Gold stock opened at C$35.09 on Friday. The company’s fifty day simple moving average is C$36.60 and its 200-day simple moving average is C$33.89. The company has a market cap of C$10.38 billion, a price-to-earnings ratio of 41.78, a PEG 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. Alamos Gold has a 1 year low of C$20.99 and a 1 year high of C$42.97.

Insider Transactions at Alamos Gold

In other Alamos Gold news, Senior Officer Grace Tang sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of C$36.00, for a total value of C$144,000.00. Also, Senior Officer Colin Webster sold 7,041 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of C$37.58, for a total value of C$264,571.21. In the last ninety days, insiders sold 86,245 shares of company stock worth $3,193,307. 0.27% of the stock is currently owned by company insiders.

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.