Alamos Gold (TSE:AGI) Reaches New 12-Month High – Still a Buy?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$37.88 and last traded at C$37.50, with a volume of 388303 shares traded. The stock had previously closed at C$36.75.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AGI shares. Canaccord Genuity Group lifted their price target on Alamos Gold from C$35.00 to C$39.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. National Bank Financial raised shares of Alamos Gold to a “strong-buy” rating in a research report on Friday, March 21st. TD Securities lifted their price target on shares of Alamos Gold from C$35.00 to C$37.00 and gave the company a “buy” rating in a research report on Friday, February 28th. CIBC upped their price objective on shares of Alamos Gold from C$44.00 to C$46.00 in a report on Friday, February 21st. Finally, National Bankshares lifted their target price on shares of Alamos Gold from C$38.00 to C$46.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Alamos Gold currently has a consensus rating of “Buy” and an average target price of C$34.78.

Alamos Gold Stock Performance

The firm has a market capitalization of C$11.30 billion, a PE ratio of 45.51, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. 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 business’s 50 day simple moving average is C$32.77 and its two-hundred day simple moving average is C$29.02.

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.