Alamos Gold (TSE:AGI) Sets New 12-Month High – Still a Buy?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$34.55 and last traded at C$34.53, with a volume of 289907 shares traded. The stock had previously closed at C$33.48.

Analyst Ratings Changes

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

Alamos Gold Stock Performance

The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48. The firm has a market capitalization of C$10.11 billion, a price-to-earnings ratio of 40.70, a P/E/G ratio of -2.10 and a beta of 1.10. The company has a 50-day moving average price of C$30.28 and a 200-day moving average price of C$28.01.

Insiders Place Their Bets

In related news, Director David Alexander Fleck purchased 2,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of C$26.85 per share, for a total transaction of C$53,700.00. 0.27% of the stock is currently owned by insiders.

Alamos Gold Company Profile

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.