Alamos Gold (TSE:AGI) Reaches New 12-Month High – Here’s Why

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) hit a new 52-week high during trading on Thursday . The company traded as high as C$33.21 and last traded at C$33.03, with a volume of 45368 shares trading hands. The stock had previously closed at C$32.28.

Analyst Upgrades and Downgrades

AGI has been the topic of a number of analyst reports. CIBC boosted their target price on shares of Alamos Gold from C$44.00 to C$46.00 in a report on Friday. National Bankshares raised Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 target price for the company in a report on Tuesday, December 3rd. Finally, National Bank Financial raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$29.53.

Alamos Gold Price Performance

The company has a market cap of C$9.56 billion, a PE ratio of 38.48, a P/E/G ratio of -2.10 and a beta of 1.10. The firm has a 50 day moving average of C$29.02 and a two-hundred day moving average of C$27.39. 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 Buying and Selling

In other Alamos Gold news, Director David Alexander Fleck acquired 2,000 shares of Alamos Gold stock in a transaction that occurred on Wednesday, December 18th. The stock was 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 company 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.