Alamos Gold (TSE:AGI) Reaches New 1-Year High – Should You Buy?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) reached a new 52-week high during trading on Wednesday . The company traded as high as C$35.16 and last traded at C$34.94, with a volume of 477527 shares trading hands. The stock had previously closed at C$34.55.

Analysts Set New Price Targets

A number of research firms have issued reports on AGI. CIBC lifted their price objective on shares of Alamos Gold from C$44.00 to C$46.00 in a report on Friday, February 21st. 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. TD Securities lifted 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 report on Friday, February 28th. Canaccord Genuity Group upped their target price on Alamos Gold from C$35.00 to C$39.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, National Bankshares upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price target on the stock in a report on Tuesday, December 3rd. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$33.41.

Alamos Gold Trading Up 2.2 %

The firm has a market capitalization of C$10.44 billion, a P/E ratio of 42.04, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The firm has a fifty day simple moving average of C$30.75 and a two-hundred day simple moving average of C$28.23. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06.

Insider Buying and Selling

In other Alamos Gold news, Director David Alexander Fleck purchased 2,000 shares of the company’s stock in a transaction that occurred on 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 currently owned by insiders.

About Alamos Gold

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.