Alamos Gold (TSE:AGI) Given New C$30.00 Price Target at National Bankshares

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective raised by stock analysts at National Bankshares from C$28.00 to C$30.00 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. National Bankshares’ price target would suggest a potential upside of 6.91% from the company’s current price.

Several other research analysts have also issued reports on the company. BMO Capital Markets increased their target price on Alamos Gold from C$27.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Monday. National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. Scotiabank raised shares of Alamos Gold to a “strong-buy” rating in a research note on Tuesday, July 16th. CIBC raised their price target on Alamos Gold from C$25.00 to C$38.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, Canaccord Genuity Group lifted their price target on Alamos Gold from C$25.00 to C$29.00 in a research report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$25.80.

Alamos Gold Trading Down 0.2 %

TSE AGI traded down C$0.07 on Monday, hitting C$28.06. The company’s stock had a trading volume of 425,518 shares, compared to its average volume of 664,588. The company has a current ratio of 3.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. Alamos Gold has a 52-week low of C$14.80 and a 52-week high of C$28.37. The firm has a market cap of C$11.78 billion, a P/E ratio of 41.26, a PEG ratio of -2.10 and a beta of 1.10. The company’s 50-day simple moving average is C$24.61 and its 200 day simple moving average is C$21.94.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.33 EPS for the quarter, topping the consensus estimate of C$0.26 by C$0.07. The business had revenue of C$455.07 million during the quarter. Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. Research analysts predict that Alamos Gold will post 1.4766404 EPS for the current fiscal year.

Insider Activity at Alamos Gold

In other news, Director John Mccluskey sold 4,800 shares of the firm’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of C$21.38, for a total value of C$102,624.00. In other news, Director John Mccluskey sold 4,800 shares of the stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of C$21.38, for a total value of C$102,624.00. Also, Senior Officer Adrian Paulse sold 15,571 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$24.80, for a total transaction of C$386,193.50. Insiders have sold a total of 65,254 shares of company stock worth $1,595,878 over the last quarter. Company insiders own 0.27% 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.