Alamos Gold (TSE:AGI) Hits New 12-Month High After Analyst Upgrade

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s share price hit a new 52-week high on Wednesday after CIBC raised their price target on the stock from C$46.00 to C$48.00. The company traded as high as C$42.97 and last traded at C$42.00, with a volume of 621310 shares changing hands. The stock had previously closed at C$41.42.

AGI has been the topic of a number of other reports. National Bankshares lifted their price target on shares of Alamos Gold from C$38.00 to C$46.00 and gave the company an “outperform” rating in a research report on Wednesday, March 19th. TD Securities lifted their target price on shares of Alamos Gold from C$37.00 to C$48.00 in a report on Tuesday. Canaccord Genuity Group increased their price target on Alamos Gold from C$39.00 to C$44.00 and gave the company a “buy” rating in a report on Monday, April 7th. Finally, National Bank Financial upgraded Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$41.00.

Alamos Gold Stock Down 2.8 %

The company has a market capitalization of C$12.11 billion, a price-to-earnings ratio of 48.74, a P/E/G ratio of -2.10 and a beta of 1.10. 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 firm has a 50 day moving average price of C$35.75 and a two-hundred day moving average price of C$30.46.

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.