Alamos Gold (TSE:AGI) Price Target Raised to C$26.00 at BMO Capital Markets

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price boosted by stock analysts at BMO Capital Markets from C$23.00 to C$26.00 in a report released on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 31.25% from the company’s previous close.

AGI has been the subject of several other reports. Royal Bank of Canada upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$12.00 to C$16.00 in a report on Thursday, January 11th. National Bank Financial reissued an “outperform overweight” rating on shares of Alamos Gold in a research note on Wednesday, January 3rd. Desjardins reduced their target price on Alamos Gold from C$19.50 to C$18.75 and set a “hold” rating on the stock in a research note on Friday, January 12th. TD Securities raised their price target on Alamos Gold from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Jefferies Financial Group set a C$14.00 price objective on Alamos Gold and gave the company a “buy” rating in a research report on Thursday, February 29th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Alamos Gold has an average rating of “Moderate Buy” and an average price target of C$20.41.

Alamos Gold Price Performance

Shares of TSE:AGI traded up C$0.09 during trading on Thursday, hitting C$19.81. 522,242 shares of the stock were exchanged, compared to its average volume of 589,537. Alamos Gold has a 12-month low of C$14.80 and a 12-month high of C$20.20. The company has a market cap of C$7.86 billion, a PE ratio of 27.51, a P/E/G ratio of -2.10 and a beta of 0.97. The company has a fifty day moving average price of C$16.95 and a two-hundred day moving average price of C$17.29. The company has a current ratio of 2.36, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.16. The business had revenue of C$346.65 million during the quarter. Alamos Gold had a return on equity of 7.44% and a net margin of 20.52%. On average, analysts forecast that Alamos Gold will post 0.8047079 EPS for the current year.

Insider Transactions at Alamos Gold

In related news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$18.66, for a total transaction of C$559,737.00. Insiders own 0.29% 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.