Alamos Gold Inc. (TSE:AGI) Receives Average Recommendation of “Buy” from Brokerages

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has received a consensus recommendation of “Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$33.41.

A number of analysts have commented on the stock. Canaccord Genuity Group increased their price target on shares of Alamos Gold from C$35.00 to C$39.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. CIBC increased their price target on shares of Alamos Gold from C$44.00 to C$46.00 in a research note on Friday, February 21st. TD Securities raised their target price on shares of Alamos Gold from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. National Bankshares upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 target price for the company in a research note on Tuesday, December 3rd. Finally, 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.

Alamos Gold Stock Performance

Shares of AGI opened at C$36.14 on Tuesday. Alamos Gold has a 12 month low of C$17.72 and a 12 month high of C$36.54. The firm has a fifty day simple moving average of C$31.25 and a 200 day simple moving average of C$28.41. The stock has a market capitalization of C$10.69 billion, a price-to-earnings ratio of 43.03, 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.

Insider Activity at Alamos Gold

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