Alamos Gold (TSE:AGI) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$25.50 and traded as high as C$27.74. Alamos Gold shares last traded at C$27.73, with a volume of 398,562 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. CIBC boosted their target price on Alamos Gold from C$38.00 to C$40.00 in a research report on Monday, December 2nd. National Bankshares upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price objective on the stock in a report on Tuesday, December 3rd. National Bank Financial upgraded Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Finally, BMO Capital Markets boosted their price target on shares of Alamos Gold from C$27.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$26.50.

Alamos Gold Stock Performance

The company has a quick ratio of 1.06, a current ratio of 3.04 and a debt-to-equity ratio of 0.04. The firm has a 50-day simple moving average of C$26.80 and a 200 day simple moving average of C$25.51. The company has a market cap of C$11.63 billion, a price-to-earnings ratio of 40.75, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its earnings results on Wednesday, November 6th. The company reported C$0.26 EPS for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.04). The business had revenue of C$492.35 million during the quarter. Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. On average, sell-side analysts predict that Alamos Gold Inc. will post 1.4774775 earnings per share for the current fiscal year.

Insider Buying and Selling at Alamos Gold

In other news, Director David Alexander Fleck acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average cost of C$26.85 per share, for a total transaction of C$53,700.00. 0.27% of the stock is owned by company insiders.

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.