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

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has earned an average recommendation of “Buy” from the eight research firms that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$36.54.

Several equities analysts recently weighed in on AGI shares. National Bankshares boosted their price objective on Alamos Gold from C$38.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th. Canaccord Genuity Group upped their price target on Alamos Gold from C$35.00 to C$39.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. TD Securities raised their price objective on shares of Alamos Gold from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. CIBC upped their target price on shares of Alamos Gold from C$44.00 to C$46.00 in a research note on Friday, February 21st. Finally, National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a research report on Friday, March 21st.

Alamos Gold Stock Performance

Shares of AGI opened at C$34.90 on Friday. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06. Alamos Gold has a one year low of C$19.63 and a one year high of C$38.98. The company’s fifty day moving average price is C$34.03 and its 200 day moving average price is C$29.64. The company has a market capitalization of C$10.32 billion, a PE ratio of 41.55, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10.

About Alamos Gold

Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: the Young-Davidson Mine in Canada and the Mulatos and El Chanate Mines in Sonora, Mexico. The Young-Davidson mine is the group’s largest revenue contributor, and the property also holds mineral leases and claims covering approximately 11,000 acres.