Alamos Gold (TSE:AGI) Sets New 12-Month High – Here’s Why

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

Analyst Upgrades and Downgrades

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

Alamos Gold Price Performance

The company’s 50-day moving average is C$27.70 and its 200-day moving average is C$26.64. The firm has a market capitalization of C$13.44 billion, a price-to-earnings ratio of 47.07, a PEG ratio of -2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.04 and a quick ratio of 1.06.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.04). The company had revenue of C$492.35 million during the quarter. Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. On average, research 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 acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was bought at an average price of C$26.85 per share, with a total value of C$53,700.00. 0.27% of the stock is owned by 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.