Alamos Gold (TSE:AGI) Price Target Raised to C$44.00 at Canaccord Genuity Group

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target boosted by research analysts at Canaccord Genuity Group from C$39.00 to C$44.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 25.11% from the company’s current price.

A number of other equities research analysts have also weighed in on AGI. TD Securities boosted their price objective on Alamos Gold from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. National Bank Financial raised shares of Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. CIBC upped their price target on Alamos Gold from C$44.00 to C$46.00 in a research report on Friday, February 21st. Finally, National Bankshares upped their target price on Alamos Gold from C$38.00 to C$46.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Alamos Gold has an average rating of “Buy” and a consensus target price of C$37.25.

Alamos Gold Stock Performance

Shares of Alamos Gold stock traded up C$0.27 during midday trading on Monday, hitting C$35.17. 844,414 shares of the company traded hands, compared to its average volume of 888,712. The stock has a market capitalization of C$10.40 billion, a PE ratio of 41.87, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62. The business has a fifty day simple moving average of C$34.03. Alamos Gold has a 12 month low of C$19.63 and a 12 month high of C$38.98.

Alamos Gold Company Profile

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.