Alamos Gold (TSE:AGI) Given New C$46.00 Price Target at National Bankshares

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target increased by research analysts at National Bankshares from C$38.00 to C$46.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 23.19% from the company’s previous close.

Several other research firms have also weighed in on AGI. CIBC upped their target price on shares of Alamos Gold from C$44.00 to C$46.00 in a report on Friday, February 21st. TD Securities raised their price target 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. National Bank Financial raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Finally, Canaccord Genuity Group increased their price objective on Alamos Gold from C$35.00 to C$39.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Alamos Gold currently has an average rating of “Buy” and a consensus target price of C$34.78.

Alamos Gold Price Performance

Shares of AGI traded up C$0.39 during trading hours on Wednesday, hitting C$37.34. The stock had a trading volume of 374,887 shares, compared to its average volume of 829,258. The company’s fifty day moving average is C$31.66 and its two-hundred day moving average is C$28.57. 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 52 week low of C$17.75 and a 52 week high of C$37.60. The stock has a market capitalization of C$11.04 billion, a price-to-earnings ratio of 44.46, a P/E/G 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.