Desjardins Raises Alamos Gold (TSE:AGI) Price Target to C$80.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective increased by stock analysts at Desjardins from C$70.00 to C$80.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 15.82% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Stifel Nicolaus upped their price target on Alamos Gold from C$65.00 to C$80.00 in a research report on Tuesday, February 10th. Haywood Securities reduced their target price on Alamos Gold from C$77.50 to C$71.50 in a research report on Friday, February 6th. TD Securities raised their price target on Alamos Gold from C$55.00 to C$66.00 in a report on Thursday, January 22nd. Canadian Imperial Bank of Commerce boosted their price target on Alamos Gold from C$74.00 to C$80.00 in a research note on Wednesday, February 4th. Finally, National Bank Financial raised their price target on shares of Alamos Gold from C$68.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$67.50.

Alamos Gold Stock Up 1.5%

Shares of TSE:AGI traded up C$0.99 on Tuesday, hitting C$69.07. 419,724 shares of the company traded hands, compared to its average volume of 1,117,041. The company has a market cap of C$29.00 billion, a PE ratio of 53.96, a PEG ratio of -2.10 and a beta of 0.85. The stock has a 50 day simple moving average of C$56.70 and a 200-day simple moving average of C$49.31. Alamos Gold has a 52 week low of C$31.83 and a 52 week high of C$69.36. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings results on Wednesday, February 18th. The company reported C$0.74 EPS for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 7.84%. The firm had revenue of C$765.13 million during the quarter. As a group, research analysts expect that Alamos Gold will post 1.4774775 earnings per share for the current year.

Alamos Gold Company Profile

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.