Alamos Gold (TSE:AGI) Price Target Raised to C$80.00 at CIBC

by · The Cerbat Gem

Alamos Gold (TSE:AGI – Get Free Report) (NYSE:AGI) had its price objective increased by analysts at CIBC from C$74.00 to C$80.00 in a research report issued on Wednesday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 43.83% from the company’s previous close.

Several other brokerages have also issued reports on AGI. TD Securities boosted their price objective on Alamos Gold from C$55.00 to C$66.00 in a research report on Thursday, January 22nd. National Bankshares upped their target price on shares of Alamos Gold from C$68.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 14th. Stifel Nicolaus boosted their price target on Alamos Gold from C$48.00 to C$65.00 in a report on Monday, October 20th. Desjardins set a C$64.00 price objective on Alamos Gold and gave the stock a “buy” rating in a report on Friday, November 28th. Finally, Bank of America boosted their target price on Alamos Gold from C$55.00 to C$60.00 in a research note on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat.com, Alamos Gold presently has an average rating of “Buy” and an average target price of C$63.13.

Check Out Our Latest Stock Report on Alamos Gold

Alamos Gold Trading Up 6.5%

Shares of AGI traded up C$3.39 on Wednesday, reaching C$55.62. 1,504,143 shares of the company’s stock were exchanged, compared to its average volume of 1,130,151. The business has a 50 day moving average price of C$54.22 and a two-hundred day moving average price of C$46.86. Alamos Gold has a 12 month low of C$31.18 and a 12 month high of C$61.83. The stock has a market capitalization of C$23.35 billion, a P/E ratio of 43.45, a price-to-earnings-growth ratio of -2.10 and a beta of 0.85. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48.

Alamos Gold (TSE:AGI – Get Free Report) (NYSE:AGI) last issued its earnings results on Wednesday, October 29th. The company reported C$0.65 EPS for the quarter. The company had revenue of C$643.72 million during the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 7.84%. Research analysts anticipate that Alamos Gold will post 1.4774775 earnings per share for the current year.

About Alamos Gold

(Get Free Report)

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.

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