Alamos Gold (TSE:AGI) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$25.10 and traded as high as C$28.57. Alamos Gold shares last traded at C$27.83, with a volume of 539,193 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AGI shares. BMO Capital Markets increased their price target on shares of Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. National Bank Financial raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. National Bankshares raised 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 note on Tuesday, December 3rd. Finally, CIBC boosted their price target on shares of Alamos Gold from C$38.00 to C$40.00 in a research report on Monday, December 2nd. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$26.50.

Alamos Gold Trading Down 2.2 %

The stock’s fifty day simple moving average is C$27.08 and its two-hundred day simple moving average is C$25.12. The firm has a market cap of C$11.43 billion, a PE ratio of 40.04, a PEG ratio of -2.10 and a beta of 1.10. The company has a quick ratio of 1.06, a current ratio of 3.04 and a debt-to-equity ratio of 0.04.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share for the quarter, missing the consensus estimate of C$0.30 by C($0.04). The company had revenue of C$492.35 million during the quarter. Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. On average, sell-side analysts forecast that Alamos Gold Inc. will post 1.4774775 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$28.66, for a total transaction of C$45,569.40. Following the transaction, the insider now directly owns 374 shares of the company’s stock, valued at C$10,718.84. This represents a 80.96 % decrease in their ownership of the stock. Also, Senior Officer John Michael Fitzgerald sold 20,456 shares of Alamos Gold stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$27.73, for a total value of C$567,150.78. Corporate insiders own 0.27% of the company’s stock.

Alamos Gold Company Profile

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.