Alamos Gold (TSE:AGI) Given New C$75.00 Price Target at National Bankshares

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price boosted by research analysts at National Bankshares from C$68.00 to C$75.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 26.24% from the company’s previous close.

AGI has been the subject of several other reports. Desjardins set a C$64.00 price objective on Alamos Gold and gave the stock a “buy” rating in a report on Friday, November 28th. CIBC raised their price target on Alamos Gold from C$55.00 to C$74.00 in a research note on Friday, October 10th. TD Securities lowered their price target on Alamos Gold from C$56.00 to C$55.00 in a research note on Monday, November 3rd. Stifel Nicolaus raised their price objective on shares of Alamos Gold from C$48.00 to C$65.00 in a research report on Monday, October 20th. Finally, Bank of America lifted their target price on shares of Alamos Gold from C$55.00 to C$60.00 in a research note on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat.com, Alamos Gold presently has a consensus rating of “Buy” and an average target price of C$61.00.

Alamos Gold Price Performance

Shares of TSE:AGI traded up C$0.02 on Wednesday, reaching C$59.41. 469,820 shares of the company traded hands, compared to its average volume of 653,410. The stock has a market capitalization of C$24.94 billion, a PE ratio of 46.41, a P/E/G ratio of -2.10 and a beta of 0.90. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06. The company’s 50 day moving average is C$51.24 and its 200-day moving average is C$44.74. Alamos Gold has a fifty-two week low of C$27.51 and a fifty-two week high of C$60.86.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its earnings results on Wednesday, October 29th. The company reported C$0.65 EPS for the quarter. The business had revenue of C$643.72 million during the quarter. Alamos Gold had a return on equity of 7.84% and a net margin of 19.89%. As a group, analysts anticipate that Alamos Gold will post 1.4774775 earnings per share for the current fiscal year.

Alamos Gold Company Profile

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.