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

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have been given a consensus rating of “Buy” by the ten brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$26.50.

A number of research firms have issued reports on AGI. BMO Capital Markets raised their target price on Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a report on Monday, September 16th. CIBC raised their price objective on shares of Alamos Gold from C$38.00 to C$40.00 in a research note on Monday, December 2nd. National Bank Financial upgraded shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, National Bankshares raised shares of 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 report on Tuesday, December 3rd.

Alamos Gold Price Performance

Shares of Alamos Gold stock opened at C$25.94 on Thursday. The company has a current ratio of 3.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. The firm has a fifty day simple moving average of C$26.96 and a 200-day simple moving average of C$25.42. The stock has a market capitalization of C$10.89 billion, a price-to-earnings ratio of 38.15, a PEG ratio of -2.10 and a beta of 1.10. Alamos Gold has a 1-year low of C$15.27 and a 1-year high of C$29.66.

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). The firm had revenue of C$492.35 million for the quarter. Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. On average, sell-side analysts expect that Alamos Gold will post 1.4774775 earnings per share for the current year.

Insider Activity

In other news, Director David Alexander Fleck bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average price of C$26.85 per share, for a total transaction of C$53,700.00. Corporate 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.