Alamos Gold (TSE:AGI) Reaches New 12-Month High – What’s Next?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$39.56 and last traded at C$38.97, with a volume of 628284 shares traded. The stock had previously closed at C$37.48.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AGI. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a research report on Friday, March 21st. National Bankshares boosted their price objective on shares of Alamos Gold from C$38.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th. Canaccord Genuity Group increased their price objective on Alamos Gold from C$39.00 to C$44.00 and gave the company a “buy” rating in a research report on Monday, April 7th. TD Securities boosted their target price on Alamos Gold from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, CIBC raised their price target on Alamos Gold from C$44.00 to C$46.00 in a report on Friday, February 21st. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Alamos Gold has a consensus rating of “Buy” and a consensus target price of C$38.83.

Alamos Gold Stock Up 3.7 %

The stock has a market capitalization of C$12.01 billion, a P/E ratio of 48.33, a PEG ratio of -2.10 and a beta of 1.10. The firm’s 50-day simple moving average is C$35.00 and its 200 day simple moving average is C$30.09. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62.

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.