Alamos Gold Inc. (TSE:AGI) Receives Consensus Rating of “Buy” from Brokerages

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has earned an average recommendation of “Buy” from the eight brokerages that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$33.41.

Several analysts have weighed in on the company. National Bank Financial raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. National Bankshares raised Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 target price on the stock in a report on Tuesday, December 3rd. CIBC upped their target price on Alamos Gold from C$44.00 to C$46.00 in a report on Friday, February 21st. TD Securities increased their price objective on Alamos Gold from C$35.00 to C$37.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, Canaccord Genuity Group increased their price objective on Alamos Gold from C$35.00 to C$39.00 and gave the company a “buy” rating in a research note on Thursday, February 27th.

Insiders Place Their Bets

In other Alamos Gold news, Director David Alexander Fleck purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were purchased at an average cost of C$26.85 per share, with a total value of C$53,700.00. 0.27% of the stock is owned by corporate insiders.

Alamos Gold Stock Down 2.6 %

Alamos Gold stock opened at C$33.29 on Tuesday. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62. The firm has a market capitalization of C$9.85 billion, a price-to-earnings ratio of 39.64, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. Alamos Gold has a fifty-two week low of C$17.72 and a fifty-two week high of C$35.26. The stock’s fifty day moving average is C$30.44 and its two-hundred day moving average is C$28.11.

About Alamos Gold

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.