Alamos Gold (TSE:AGI) Upgraded by National Bankshares to “Outperform” Rating

National Bankshares upgraded shares of Alamos Gold (TSE:AGI) (NYSE:AGI) from a sector perform rating to an outperform rating in a research report report published on Tuesday,BayStreet.CA reports. The brokerage currently has C$35.00 price objective on the stock.

Other analysts have also recently issued research reports about the company. CIBC raised their target price on Alamos Gold from C$38.00 to C$40.00 in a research report on Monday. National Bank Financial downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. Finally, BMO Capital Markets increased 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 report on Monday, September 16th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$26.50.

Alamos Gold Price Performance

TSE AGI opened at C$27.30 on Tuesday. Alamos Gold has a 1 year low of C$15.27 and a 1 year high of C$29.66. The stock’s 50-day moving average price is C$27.07 and its two-hundred day moving average price is C$24.90. The company has a market cap of C$11.46 billion, a PE ratio of 40.15, a PEG ratio of -2.10 and a beta of 1.10. 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 (TSE:AGI) (NYSE:AGI) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.04). Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. The firm had revenue of C$492.35 million for the quarter. On average, analysts predict that Alamos Gold will post 1.4774775 EPS for the current year.

Insider Activity at Alamos Gold

In other news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$28.66, for a total transaction of C$45,569.40. Following the transaction, the insider now owns 374 shares of the company’s stock, valued at approximately C$10,718.84. This represents a 80.96 % decrease in their position. Also, Senior Officer John Michael Fitzgerald sold 20,456 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$27.73, for a total value of C$567,150.78. Insiders own 0.27% of the company’s stock.

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.