Alamos Gold (TSE:AGI) Stock Rating Upgraded by National Bank Financial

Alamos Gold (TSE:AGI) (NYSE:AGI) was upgraded by equities researchers at National Bank Financial from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts also recently weighed in on AGI. CIBC upped their price objective on shares of Alamos Gold from C$38.00 to C$40.00 in a report on Monday. BMO Capital Markets upped their price target on shares of Alamos Gold from C$27.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, National Bankshares upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price objective on the stock in a research note on Tuesday. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Alamos Gold currently has a consensus rating of “Buy” and an average price target of C$26.50.

Alamos Gold Price Performance

AGI opened at C$27.27 on Monday. The company has a quick ratio of 1.06, a current ratio of 3.04 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is C$27.09 and its 200 day moving average price is C$24.84. Alamos Gold has a fifty-two week low of C$15.27 and a fifty-two week high of C$29.66. The firm has a market cap of C$11.45 billion, a price-to-earnings ratio of 40.10, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts expect that Alamos Gold will post 1.4774775 earnings per share for the current year.

Insider Activity at Alamos Gold

In other news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$28.66, for a total value of C$45,569.40. Following the completion of the sale, the insider now owns 374 shares of the company’s stock, valued at C$10,718.84. This trade represents a 80.96 % decrease in their ownership of the stock. Also, Senior Officer John Michael Fitzgerald sold 20,456 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$27.73, for a total value of C$567,150.78. 0.27% of the stock is currently owned by corporate insiders.

About Alamos Gold

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.