Alamos Gold (TSE:AGI) Price Target Lowered to C$75.00 at Canadian Imperial Bank of Commerce

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price reduced by equities researchers at Canadian Imperial Bank of Commerce from C$82.00 to C$75.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective would indicate a potential upside of 90.99% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. TD raised their price target on Alamos Gold from C$70.00 to C$78.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. National Bank Financial lowered their price objective on Alamos Gold from C$88.00 to C$87.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Finally, Canaccord Genuity Group lifted their price objective on shares of Alamos Gold from C$72.00 to C$80.00 in a research note on Wednesday, April 8th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$74.70.

Alamos Gold Stock Performance

AGI stock traded down C$0.86 during trading hours on Thursday, reaching C$39.27. The stock had a trading volume of 833,921 shares, compared to its average volume of 1,165,991. The stock has a market capitalization of C$16.49 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of -2.10 and a beta of 1.89. The company has a debt-to-equity ratio of 4.77, a current ratio of 1.74 and a quick ratio of 1.05. The stock has a 50-day simple moving average of C$46.58 and a 200 day simple moving average of C$55.85. Alamos Gold has a fifty-two week low of C$33.11 and a fifty-two week high of C$75.78.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$0.84 earnings per share for the quarter. The company had revenue of C$844.09 million for the quarter. Alamos Gold had a net margin of 51.42% and a return on equity of 25.24%. Analysts predict that Alamos Gold will post 1.4774775 EPS for the current fiscal year.

About Alamos Gold

Alamos is a Canadian-based intermediate gold producer with diversified production from three operations in North America. This includes the Island Gold District and Young-Davidson mine in northern Ontario, Canada, and the Mulatos District in Sonora State, Mexico. Additionally, the Company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development.