Alamos Gold Inc. (TSE:AGI) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have earned an average rating of “Buy” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$24.90.

A number of research analysts recently issued reports on AGI shares. Canaccord Genuity Group raised their target price on shares of Alamos Gold from C$25.00 to C$29.00 in a research note on Tuesday, July 23rd. 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 note on Monday, July 15th. Scotiabank upgraded Alamos Gold to a “strong-buy” rating in a research note on Tuesday, July 16th. National Bankshares dropped their price target on Alamos Gold from C$26.50 to C$26.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, TD Securities upped their price target on Alamos Gold from C$27.00 to C$31.00 in a report on Monday, July 22nd.

Insiders Place Their Bets

In other news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$21.48, for a total transaction of C$286,414.32. In other news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of C$21.48, for a total value of C$286,414.32. Also, Senior Officer Scott Kyle Parsons sold 34,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of C$23.13, for a total value of C$786,433.60. Insiders have sold 99,254 shares of company stock worth $2,382,312 over the last 90 days. Corporate insiders own 0.27% of the company’s stock.

Alamos Gold Stock Performance

Shares of TSE AGI opened at C$25.84 on Friday. The business’s 50-day simple moving average is C$23.71 and its 200-day simple moving average is C$21.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 3.04. Alamos Gold has a 52 week low of C$14.80 and a 52 week high of C$27.57. The firm has a market cap of C$10.85 billion, a price-to-earnings ratio of 38.00, a P/E/G ratio of -2.10 and a beta of 1.09.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.33 EPS for the quarter, beating the consensus estimate of C$0.26 by C$0.07. Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. The company had revenue of C$455.07 million for the quarter. As a group, equities research analysts expect that Alamos Gold will post 1.1395548 earnings per share for the current fiscal year.

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.