Alamos Gold (TSE:AGI) Reaches New 1-Year High – Should You Buy?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$32.32 and last traded at C$32.11, with a volume of 402948 shares trading hands. The stock had previously closed at C$30.77.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. National Bankshares raised Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 target price for the company in a research note on Tuesday, December 3rd. National Bank Financial upgraded shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, CIBC raised their target price on shares of Alamos Gold from C$38.00 to C$40.00 in a research report on Monday, December 2nd. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Alamos Gold presently has an average rating of “Buy” and a consensus price target of C$28.78.

Alamos Gold Price Performance

The stock has a market cap of C$13.31 billion, a P/E ratio of 46.62, a P/E/G ratio of -2.10 and a beta of 1.10. The company’s 50 day moving average price is C$27.94 and its 200-day moving average price is C$26.73. The company has a quick ratio of 1.06, a current ratio of 3.04 and a debt-to-equity ratio of 0.04.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.30 by C($0.04). Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. The company had revenue of C$492.35 million for the quarter. As a group, sell-side analysts expect that Alamos Gold Inc. will post 1.4774775 earnings per share for the current year.

Insider Activity at Alamos Gold

In other Alamos Gold news, Director David Alexander Fleck bought 2,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was acquired 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 currently owned by company insiders.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.