Alamos Gold (NYSE:AGI) Price Target Raised to $27.00

Alamos Gold (NYSE:AGI) (TSE:AGI) had its price objective boosted by equities researchers at Royal Bank of Canada from $25.00 to $27.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the basic materials company’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 18.16% from the stock’s current price.

Several other equities analysts have also weighed in on AGI. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. StockNews.com lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $26.06.

Alamos Gold Trading Up 1.6 %

NYSE AGI opened at $22.85 on Tuesday. Alamos Gold has a one year low of $11.24 and a one year high of $23.06. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. The business has a 50 day simple moving average of $19.71 and a 200 day simple moving average of $19.40. The stock has a market capitalization of $9.61 billion, a P/E ratio of 38.08, a P/E/G ratio of 0.66 and a beta of 1.16.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Natixis Advisors LLC grew its holdings in Alamos Gold by 2.0% during the third quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock worth $552,000 after buying an additional 531 shares in the last quarter. Veracity Capital LLC boosted its holdings in Alamos Gold by 3.2% during the 4th quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company’s stock worth $416,000 after acquiring an additional 694 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Alamos Gold by 4.0% in the 3rd quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock worth $375,000 after acquiring an additional 728 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 856 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in shares of Alamos Gold by 4.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company’s stock valued at $400,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 64.33% 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.