Brokerages Set Alamos Gold Inc. (TSE:AGI) Target Price at C$76.20

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has been assigned an average recommendation of “Buy” from the four ratings firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$76.20.

Several equities analysts recently weighed in on the stock. National Bank Financial dropped their price target on shares of Alamos Gold from C$88.00 to C$87.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. TD boosted their price objective on Alamos Gold from C$70.00 to C$78.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, Canaccord Genuity Group increased their price objective on Alamos Gold from C$72.00 to C$80.00 in a research note on Wednesday, April 8th.

Alamos Gold Stock Down 0.3%

Alamos Gold stock opened at C$39.59 on Tuesday. Alamos Gold has a 1-year low of C$33.11 and a 1-year high of C$75.78. The firm has a market capitalization of C$16.63 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of -2.10 and a beta of 1.89. The firm’s fifty day moving average price is C$49.15 and its two-hundred day moving average price is C$56.58. The company has a current ratio of 1.74, a quick ratio of 1.05 and a debt-to-equity ratio of 4.77.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its earnings results on Wednesday, April 29th. The company reported C$0.76 EPS for the quarter. The company had revenue of C$829.59 million during the quarter. Alamos Gold had a net margin of 51.42% and a return on equity of 25.24%. On average, equities research analysts predict that Alamos Gold will post 1.4774775 earnings per share for the current fiscal year.

About Alamos Gold

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.