Brokerages Set Alamos Gold Inc. (TSE:AGI) PT at C$28.78

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have been given a consensus rating of “Buy” by the eight ratings firms that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$28.78.

A number of research firms recently weighed in on AGI. National Bankshares upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price target for the company in a research report on Tuesday, December 3rd. National Bank Financial raised shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, CIBC upped their price target on shares of Alamos Gold from C$38.00 to C$40.00 in a research report on Monday, December 2nd.

Insider Activity at Alamos Gold

In other news, Director David Alexander Fleck purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were bought at an average price 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.

Alamos Gold Stock Up 2.1 %

TSE AGI opened at C$29.52 on Monday. Alamos Gold has a 12 month low of C$15.27 and a 12 month high of C$29.66. The company has a market capitalization of C$12.39 billion, a P/E ratio of 43.41, a PEG ratio of -2.10 and a beta of 1.10. The company’s 50 day simple moving average is C$27.13 and its 200 day simple moving average is C$26.28. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.04 and a quick ratio of 1.06.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.26 EPS for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.04). The company 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%. Equities research analysts expect that Alamos Gold will post 1.4774775 earnings per share for the current fiscal year.

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.