Alamos Gold (TSE:AGI) Given New C$81.00 Price Target at National Bank Financial

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target hoisted by analysts at National Bank Financial from C$76.00 to C$81.00 in a report issued on Monday, BayStreet reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 64.23% from the company’s previous close.

Separately, Canadian Imperial Bank of Commerce reduced their price objective on Alamos Gold from C$82.00 to C$75.00 in a research note on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Alamos Gold presently has an average rating of “Buy” and an average price target of C$76.67.

Alamos Gold Stock Performance

AGI stock traded down C$0.66 on Monday, hitting C$49.32. The company had a trading volume of 279,411 shares, compared to its average volume of 1,184,610. The stock’s 50-day simple moving average is C$46.30 and its 200 day simple moving average is C$52.77. The stock has a market cap of C$20.65 billion, a price-to-earnings ratio of 17.68, a P/E/G ratio of -2.10 and a beta of 2.13. The company has a current ratio of 1.78, a quick ratio of 1.05 and a debt-to-equity ratio of 4.50. Alamos Gold has a 12-month low of C$38.03 and a 12-month high of C$75.78.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$0.84 earnings per share (EPS) for the quarter. Alamos Gold had a return on equity of 26.10% and a net margin of 52.85%.The business had revenue of C$844.09 million during the quarter. As a group, equities research analysts expect that Alamos Gold will post 1.4774775 earnings per share for the current fiscal 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.