Alamos Gold Inc. (TSE:AGI) Receives Average Recommendation of “Buy” from Brokerages

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have received an average recommendation of “Buy” from the three research firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$74.70.

Several analysts recently weighed in on AGI shares. National Bank Financial lowered their price objective on Alamos Gold from C$88.00 to C$87.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Canadian Imperial Bank of Commerce decreased their target price on Alamos Gold from C$82.00 to C$75.00 in a research report on Thursday, July 30th. Finally, TD boosted 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.

Alamos Gold Price Performance

Shares of AGI stock opened at C$46.26 on Friday. The firm has a fifty day moving average of C$44.77 and a two-hundred day moving average of C$55.08. The firm has a market cap of C$19.36 billion, a P/E ratio of 16.58, a P/E/G ratio of -2.10 and a beta of 1.87. Alamos Gold has a 1-year low of C$34.88 and a 1-year high of C$75.78. The company has a debt-to-equity ratio of 4.50, a current ratio of 1.78 and a quick ratio of 1.05.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its earnings results on Wednesday, July 29th. The company reported C$0.84 earnings per share (EPS) for the quarter. Alamos Gold had a net margin of 52.85% and a return on equity of 26.10%. The business had revenue of C$844.09 million for the quarter. As a group, research analysts anticipate that Alamos Gold will post 1.4774775 earnings per share 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.