Alamos Gold Inc. (TSE:AGI) Given Average Rating of “Buy” by Analysts

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has received an average recommendation of “Buy” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$28.78.

A number of research analysts recently weighed in on AGI shares. National Bankshares raised Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price objective on the stock in a report on Tuesday, December 3rd. CIBC upped their price objective on Alamos Gold from C$38.00 to C$40.00 in a report on Monday, December 2nd. Finally, National Bank Financial raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd.

Insider Buying and Selling at Alamos Gold

In related news, Director David Alexander Fleck acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired 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 corporate insiders.

Alamos Gold Price Performance

Shares of TSE AGI opened at C$28.23 on Monday. The company has a current ratio of 3.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. Alamos Gold has a twelve month low of C$15.27 and a twelve month high of C$29.66. The stock has a 50 day moving average of C$26.73 and a two-hundred day moving average of C$26.01. The stock has a market cap of C$11.85 billion, a P/E ratio of 41.51, a P/E/G ratio of -2.10 and a beta of 1.10.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings data 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 firm 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 forecast that Alamos Gold will post 1.4774775 earnings per share for the current year.

About Alamos Gold

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.