Alamos Gold (TSE:AGI) Price Target Raised to C$78.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective lifted by TD from C$70.00 to C$78.00 in a research report released on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities analysts have also issued reports about the company. Canadian Imperial Bank of Commerce boosted their price objective on Alamos Gold from C$80.00 to C$90.00 in a research report on Thursday, February 26th. Stifel Nicolaus upped their price target on Alamos Gold from C$65.00 to C$80.00 in a research report on Tuesday, February 10th. Canaccord Genuity Group upped their price target on Alamos Gold from C$72.00 to C$80.00 in a research report on Wednesday, April 8th. Bank of America upped their price target on Alamos Gold from C$67.00 to C$78.50 in a research report on Thursday, February 26th. Finally, Haywood Securities reduced their price target on Alamos Gold from C$77.50 to C$71.50 in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$76.20.

Alamos Gold Price Performance

Shares of AGI opened at C$60.19 on Tuesday. The company has a debt-to-equity ratio of 5.27, a quick ratio of 1.06 and a current ratio of 1.72. The stock has a 50 day simple moving average of C$64.12 and a 200 day simple moving average of C$55.72. Alamos Gold has a 52-week low of C$32.90 and a 52-week high of C$75.78. The firm has a market capitalization of C$25.28 billion, a PE ratio of 28.66, a P/E/G ratio of -2.10 and a beta of 1.77.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings data on Thursday, February 19th. The company reported C$0.74 earnings per share (EPS) for the quarter. Alamos Gold had a return on equity of 22.48% and a net margin of 49.07%.The business had revenue of C$765.13 million during the quarter. Sell-side analysts predict that Alamos Gold will post 1.4774775 EPS 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.