Alamos Gold (TSE:AGI) Price Target Raised to C$46.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective hoisted by National Bankshares from C$38.00 to C$46.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities analysts also recently weighed in on AGI. National Bank Financial upgraded Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. TD Securities raised their price target on Alamos Gold from C$35.00 to C$37.00 and gave the company a “buy” rating in a report on Friday, February 28th. CIBC raised their price target on Alamos Gold from C$44.00 to C$46.00 in a report on Friday, February 21st. Finally, Canaccord Genuity Group raised their price target 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. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$34.78.

Alamos Gold Price Performance

AGI opened at C$37.40 on Wednesday. The stock has a fifty day simple moving average of C$32.22 and a two-hundred day simple moving average of C$28.77. 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 company has a market cap of C$11.06 billion, a price-to-earnings ratio of 44.53, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. Alamos Gold has a 12-month low of C$18.27 and a 12-month high of C$37.78.

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.