Brokerages Set Alamos Gold Inc. (TSE:AGI) Price Target at C$41.54

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have been given an average rating of “Buy” by the six analysts that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$41.54.

A number of equities analysts recently weighed in on the stock. CIBC lifted their price objective on shares of Alamos Gold from C$46.00 to C$48.00 in a research report on Thursday, April 17th. Canaccord Genuity Group upped their price objective on shares of Alamos Gold from C$39.00 to C$44.00 and gave the stock a “buy” rating in a research report on Monday, April 7th. Stifel Canada upgraded shares of Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 8th. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a research report on Friday, March 21st. Finally, National Bankshares upped their price objective on shares of Alamos Gold from C$51.75 to C$52.25 and gave the stock an “outperform” rating in a research report on Friday, June 27th.

Insider Transactions at Alamos Gold

In other news, Senior Officer Grace Tang sold 4,000 shares of Alamos Gold stock in a transaction on Friday, May 23rd. The stock was sold at an average price of C$36.00, for a total value of C$144,000.00. Also, Senior Officer Luc Guimond sold 7,194 shares of Alamos Gold stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of C$37.02, for a total value of C$266,321.88. Over the last 90 days, insiders sold 86,245 shares of company stock valued at $3,193,307. 0.27% of the stock is owned by company insiders.

Alamos Gold Trading Down 1.7%

TSE:AGI opened at C$35.48 on Monday. The firm has a market cap of C$10.49 billion, a P/E ratio of 42.24, a PEG ratio of -2.10 and a beta of 1.10. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48. The stock’s 50 day simple moving average is C$36.13 and its 200-day simple moving average is C$34.66. Alamos Gold has a 12-month low of C$22.59 and a 12-month high of C$42.97.

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.