TD Securities Increases Alamos Gold (TSE:AGI) Price Target to C$37.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target boosted by TD Securities from C$35.00 to C$37.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

AGI has been the topic of a number of other research reports. National Bankshares upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 target price on the stock in a research report on Tuesday, December 3rd. National Bank Financial upgraded Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Canaccord Genuity Group boosted their price objective on Alamos Gold from C$35.00 to C$39.00 and gave the company a “buy” rating in a report on Thursday. Finally, CIBC boosted their price objective on Alamos Gold from C$44.00 to C$46.00 in a report on Friday, February 21st. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Alamos Gold has an average rating of “Buy” and a consensus target price of C$33.41.

Alamos Gold Price Performance

TSE:AGI opened at C$33.06 on Friday. Alamos Gold has a 52 week low of C$15.94 and a 52 week high of C$34.42. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48. The company has a market capitalization of C$9.78 billion, a P/E ratio of 39.36, a P/E/G ratio of -2.10 and a beta of 1.10. The stock’s fifty day moving average is C$29.54 and its two-hundred day moving average is C$27.65.

Insiders Place Their Bets

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

About Alamos Gold

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.