Alamos Gold (TSE:AGI) Sets New 12-Month High – Should You Buy?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s share price hit a new 52-week high on Wednesday . The company traded as high as C$34.55 and last traded at C$34.53, with a volume of 289907 shares. The stock had previously closed at C$33.48.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AGI shares. TD Securities upped their target price 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. Canaccord Genuity Group increased their price objective on shares of Alamos Gold from C$35.00 to C$39.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. National Bank Financial upgraded shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. National Bankshares upgraded shares of 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. Finally, CIBC lifted their price target on shares of Alamos Gold from C$44.00 to C$46.00 in a research note on Friday, February 21st. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$33.41.

Alamos Gold Price Performance

The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06. The company has a fifty day moving average price of C$29.96 and a 200 day moving average price of C$27.92. The company has a market capitalization of C$10.23 billion, a P/E ratio of 41.20, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10.

Insider Transactions at Alamos Gold

In other Alamos Gold news, Director David Alexander Fleck purchased 2,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was bought at an average cost of C$26.85 per share, with a total value of C$53,700.00. Insiders own 0.27% of the company’s stock.

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.