Alamos Gold Inc. (TSE:AGI) Given Consensus Recommendation of “Buy” by Analysts
by Mitch Edgeman · The Markets DailyAlamos Gold Inc. (TSE:AGI – Get Free Report) (NYSE:AGI) has received a consensus rating of “Buy” from the three ratings firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$74.70.
A number of research firms recently weighed in on AGI. TD raised their price target on shares of Alamos Gold from C$70.00 to C$78.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Canadian Imperial Bank of Commerce decreased their price objective on shares of Alamos Gold from C$82.00 to C$75.00 in a research report on Thursday, July 30th. Finally, National Bank Financial dropped their target price on 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.
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Alamos Gold Stock Up 6.0%
TSE AGI opened at C$46.26 on Friday. The stock has a market cap of C$19.36 billion, a PE ratio of 16.58, a P/E/G ratio of -2.10 and a beta of 1.87. Alamos Gold has a fifty-two week low of C$34.88 and a fifty-two week high of C$75.78. The business has a 50 day moving average price of C$44.77 and a two-hundred day moving average price of C$55.08. The company has a quick ratio of 1.05, a current ratio of 1.78 and a debt-to-equity ratio of 4.50.
Alamos Gold (TSE:AGI – Get Free Report) (NYSE:AGI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$0.84 earnings per share (EPS) for the quarter. Alamos Gold had a net margin of 52.85% and a return on equity of 26.10%. The company had revenue of C$844.09 million for the quarter. As a group, sell-side analysts predict that Alamos Gold will post 1.4774775 EPS for the current fiscal year.
Alamos Gold Company Profile
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.