Alamos Gold (TSE:AGI) Hits New 1-Year High – Still a Buy?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$33.21 and last traded at C$33.03, with a volume of 45368 shares traded. The stock had previously closed at C$32.28.

Wall Street Analyst Weigh In

AGI has been the subject of a number of research reports. CIBC lifted their price objective on shares of Alamos Gold from C$38.00 to C$40.00 in a report on Monday, December 2nd. National Bankshares upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price target for the company in a research note on Tuesday, December 3rd. Finally, National Bank Financial upgraded Alamos Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Alamos Gold has a consensus rating of “Buy” and a consensus price target of C$28.78.

Alamos Gold Stock Performance

The stock has a 50 day simple moving average of C$28.81 and a two-hundred day simple moving average of C$27.29. The company has a market capitalization of C$10.09 billion, a price-to-earnings ratio of 40.61, a PEG ratio of -2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06.

Insider Buying and Selling

In related news, Director David Alexander Fleck purchased 2,000 shares of the business’s 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.

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.