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

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has been given an average recommendation of “Buy” by the three brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$74.70.

AGI has been the subject of several recent research reports. National Bank Financial lowered their target price on Alamos Gold from C$88.00 to C$87.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Canadian Imperial Bank of Commerce decreased their target price on shares of Alamos Gold from C$82.00 to C$75.00 in a research report on Thursday, July 30th. Finally, TD raised their target price on shares of Alamos Gold from C$70.00 to C$78.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st.

Alamos Gold Trading Up 1.2%

TSE AGI opened at C$46.35 on Friday. Alamos Gold has a one year low of C$35.00 and a one year high of C$75.78. The company has a 50-day simple moving average of C$44.10 and a 200-day simple moving average of C$54.71. The company has a debt-to-equity ratio of 4.50, a quick ratio of 1.05 and a current ratio of 1.78. The firm has a market capitalization of C$19.40 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of -2.10 and a beta of 1.87.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$0.84 earnings per share for the quarter. Alamos Gold had a net margin of 52.85% and a return on equity of 26.10%. The business had revenue of C$844.09 million during the quarter. On average, equities analysts forecast that Alamos Gold 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.