Alamos Gold (TSE:AGI) Hits New 12-Month High on Analyst Upgrade

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s share price reached a new 52-week high on Wednesday after Stifel Nicolaus raised their price target on the stock from C$65.00 to C$80.00. The company traded as high as C$63.20 and last traded at C$61.75, with a volume of 452471 shares. The stock had previously closed at C$61.26.

Other equities analysts have also recently issued research reports about the stock. Canadian Imperial Bank of Commerce upped their target price on shares of Alamos Gold from C$74.00 to C$80.00 in a research note on Wednesday, February 4th. Bank of America raised their target price on Alamos Gold from C$55.00 to C$60.00 in a research report on Thursday, October 16th. National Bankshares boosted their price target on Alamos Gold from C$68.00 to C$75.00 and gave the company an “outperform” rating in a research note on Wednesday, January 14th. TD Securities upped their price target on shares of Alamos Gold from C$55.00 to C$66.00 in a research report on Thursday, January 22nd. Finally, Desjardins set a C$64.00 price objective on shares of Alamos Gold and gave the stock a “buy” rating in a report on Friday, November 28th. Two research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$65.72.

Alamos Gold Price Performance

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’s fifty day simple moving average is C$54.70 and its 200 day simple moving average is C$47.60. The firm has a market cap of C$25.92 billion, a P/E ratio of 48.23, a P/E/G ratio of -2.10 and a beta of 0.85.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its earnings results on Wednesday, October 29th. The company reported C$0.65 EPS for the quarter. The company had revenue of C$643.72 million for the quarter. Alamos Gold had a return on equity of 7.84% and a net margin of 19.89%. As a group, analysts forecast that Alamos Gold Inc. will post 1.4774775 earnings per share for the current year.

About Alamos Gold

Alamos is a Canadian-based intermediate gold producer with diversified production from three operations in North America. This includes the Island Gold District and Young-Davidson mine in northern Ontario, Canada, and the Mulatos District in Sonora State, Mexico. Additionally, the Company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development.