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

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$33.21 and last traded at C$33.03, with a volume of 45368 shares trading hands. The stock had previously closed at C$32.28.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. CIBC boosted their price objective on Alamos Gold from C$44.00 to C$46.00 in a research report on Friday. National Bank Financial raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Finally, 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 report on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$29.53.

Alamos Gold Trading Down 2.1 %

The business’s fifty day moving average price is C$29.02 and its 200 day moving average price is C$27.39. The company has a market cap of C$9.56 billion, a price-to-earnings ratio of 38.48, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06.

Insiders Place Their Bets

In other news, Director David Alexander Fleck bought 2,000 shares of Alamos Gold stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average price of C$26.85 per share, for a total transaction of C$53,700.00. Company insiders own 0.27% of the company’s stock.

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.