Alamos Gold (TSE:AGI) Price Target Raised to C$46.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective hoisted by research analysts at CIBC from C$44.00 to C$46.00 in a report issued on Friday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 41.63% from the stock’s previous close.

Several other research analysts have also weighed in on the stock. National Bankshares raised 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, December 3rd. 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. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$29.53.

Alamos Gold Price Performance

AGI traded down C$0.55 during midday trading on Friday, hitting C$32.48. The company had a trading volume of 387,222 shares, compared to its average volume of 691,292. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62. The company has a market capitalization of C$9.61 billion, a PE ratio of 38.67, a P/E/G ratio of -2.10 and a beta of 1.10. Alamos Gold has a twelve month low of C$15.28 and a twelve month high of C$34.42. The firm’s 50-day simple moving average is C$28.92 and its 200-day simple moving average is C$27.33.

Insider Buying and Selling

In other Alamos Gold news, Director David Alexander Fleck bought 2,000 shares of Alamos Gold 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. 0.27% of the stock is currently owned by corporate insiders.

Alamos Gold Company Profile

Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: the Young-Davidson Mine in Canada and the Mulatos and El Chanate Mines in Sonora, Mexico. The Young-Davidson mine is the group’s largest revenue contributor, and the property also holds mineral leases and claims covering approximately 11,000 acres.