National Bankshares Trims Alamos Gold (TSE:AGI) Target Price to C$26.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target decreased by equities research analysts at National Bankshares from C$26.50 to C$26.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 7.57% from the company’s previous close.

A number of other equities research analysts have also weighed in on AGI. CIBC lifted their price objective on Alamos Gold from C$25.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Scotiabank raised Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 16th. National Bank Financial restated an “outperform overweight” rating on shares of Alamos Gold in a research report on Monday, April 8th. Bank of America raised shares of Alamos Gold from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from C$21.75 to C$27.75 in a research note on Tuesday, April 9th. Finally, TD Securities upped their price target on Alamos Gold from C$27.00 to C$31.00 in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$24.90.

Alamos Gold Price Performance

Shares of TSE:AGI traded up C$0.09 on Friday, hitting C$24.17. The company’s stock had a trading volume of 883,929 shares, compared to its average volume of 641,874. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.79 and a quick ratio of 1.06. The company has a market capitalization of C$9.62 billion, a PE ratio of 34.04, a PEG ratio of -2.10 and a beta of 1.05. The company has a 50-day simple moving average of C$22.55 and a 200 day simple moving average of C$20.02. Alamos Gold has a 1 year low of C$14.80 and a 1 year high of C$25.08.

Insider Activity

In other Alamos Gold news, Senior Officer Gregory S. Fisher sold 8,144 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of C$21.35, for a total transaction of C$173,874.40. In related news, Senior Officer Colin Webster sold 37,774 shares of Alamos Gold stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of C$21.92, for a total value of C$828,006.08. Also, Senior Officer Gregory S. Fisher sold 8,144 shares of Alamos Gold stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of C$21.35, for a total transaction of C$173,874.40. Insiders sold a total of 153,052 shares of company stock valued at $3,409,101 over the last 90 days. Insiders own 0.28% of the company’s stock.

About Alamos Gold

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.