Alamos Gold Inc. (TSE:AGI) Given Consensus Rating of “Buy” by Brokerages

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have been given an average recommendation of “Buy” by the ten ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$26.50.

AGI has been the subject of several research reports. National Bankshares raised Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price objective for the company in a research note on Tuesday, December 3rd. BMO Capital Markets lifted their price target on 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. National Bank Financial raised shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, CIBC lifted their target price on shares of Alamos Gold from C$38.00 to C$40.00 in a research report on Monday, December 2nd.

Insider Transactions at Alamos Gold

In other news, Director David Alexander Fleck purchased 2,000 shares of Alamos Gold stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of C$26.85 per share, for a total transaction of C$53,700.00. 0.27% of the stock is currently owned by company insiders.

Alamos Gold Trading Down 2.0 %

Shares of Alamos Gold stock opened at C$25.94 on Thursday. The business has a fifty day simple moving average of C$26.96 and a 200-day simple moving average of C$25.42. The firm has a market cap of C$10.89 billion, a price-to-earnings ratio of 38.15, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. Alamos Gold has a fifty-two week low of C$15.27 and a fifty-two week high of C$29.66. The company has a quick ratio of 1.06, a current ratio of 3.04 and a debt-to-equity ratio of 0.04.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings data 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 business 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%. On average, equities analysts forecast that Alamos Gold will post 1.4774775 EPS for the current fiscal year.

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.