Alamos Gold (TSE:AGI) Hits New 1-Year High – What’s Next?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$29.98 and last traded at C$29.92, with a volume of 68227 shares. The stock had previously closed at C$29.48.

Analysts Set New Price Targets

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

Alamos Gold Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 3.04. The company has a market cap of C$12.88 billion, a price-to-earnings ratio of 45.13, a PEG ratio of -2.10 and a beta of 1.10. The business has a fifty day moving average price of C$27.41 and a 200 day moving average price of C$26.46.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its earnings results on Wednesday, November 6th. The company reported C$0.26 EPS 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 return on equity of 6.72% and a net margin of 17.72%. As a group, research analysts anticipate that Alamos Gold Inc. will post 1.4774775 earnings per share for the current year.

Insider Transactions at Alamos Gold

In related news, Director David Alexander Fleck bought 2,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average cost of C$26.85 per share, with a total value of C$53,700.00. Company insiders own 0.27% of the company’s stock.

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.