Alamos Gold Inc. (TSE:AGI) Receives Consensus Recommendation of “Buy” from Analysts

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has earned an average rating of “Buy” from the eight ratings firms that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$33.41.

Several brokerages have recently issued reports on AGI. National Bankshares upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 target price on the stock in a research report on Tuesday, December 3rd. Canaccord Genuity Group lifted their price objective 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. National Bank Financial raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. CIBC lifted their price target on Alamos Gold from C$44.00 to C$46.00 in a research note on Friday, February 21st. Finally, TD Securities increased their price objective on Alamos Gold from C$35.00 to C$37.00 and gave the company a “buy” rating in a research note on Friday, February 28th.

Insider Transactions at Alamos Gold

In other Alamos Gold news, Director David Alexander Fleck bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased 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 Trading Up 2.2 %

AGI stock opened at C$36.92 on Tuesday. Alamos Gold has a 52-week low of C$17.72 and a 52-week high of C$36.99. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48. The firm has a market cap of C$10.92 billion, a P/E ratio of 43.96, a PEG ratio of -2.10 and a beta of 1.10. The company’s 50-day simple moving average is C$31.46 and its 200-day simple moving average is C$28.49.

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.