Alamos Gold (TSE:AGI) Reaches New 52-Week High – Here’s What Happened

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$35.16 and last traded at C$34.94, with a volume of 477527 shares changing hands. The stock had previously closed at C$34.55.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AGI shares. National Bankshares raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 target price on the stock in a report on Tuesday, December 3rd. TD Securities boosted their price objective on shares of Alamos Gold from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. National Bank Financial raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. CIBC upped their price target on Alamos Gold from C$44.00 to C$46.00 in a research report on Friday, February 21st. Finally, Canaccord Genuity Group raised their price objective on Alamos Gold from C$35.00 to C$39.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$33.41.

Alamos Gold Stock Up 2.2 %

The firm has a market cap of C$10.44 billion, a price-to-earnings ratio of 42.04, a PEG ratio of -2.10 and a beta of 1.10. The firm has a 50 day moving average of C$30.75 and a 200 day moving average of C$28.23. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48.

Insider Transactions at Alamos Gold

In related news, Director David Alexander Fleck acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were bought at an average price of C$26.85 per share, with a total value of C$53,700.00. Insiders own 0.27% of the company’s stock.

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.