Alamos Gold Inc. (TSE:AGI) Receives Average Target Price of C$33.41 from Analysts

Shares of Alamos Gold Inc. (TSE:AGI – Get Free Report) (NYSE:AGI) have received an average rating of "Buy" from the eight analyst firms monitoring the company, as reported by Marketbeat.com. Among these analysts, six have provided buy recommendations, while two have indicated a strong buy for the stock. The consensus one-year price target set by brokers following Alamos Gold is C$33.41.

Recently, several analysts weighed in on Alamos Gold's stock performance. The National Bankshares upgraded their rating on the company from "sector perform" to "outperform" and set a target price of C$35.00 for the stock in a report dated December 3rd. On February 28th, TD Securities adjusted their price target for Alamos Gold from C$35.00 to C$37.00 while maintaining a "buy" rating. CIBC also raised their target price from C$44.00 to C$46.00 in a research note issued on February 21st. Additionally, the National Bank Financial upgraded Alamos Gold's rating from "hold" to "strong-buy" in a report from December 2nd. Canaccord Genuity Group recommended a target price increase from C$35.00 to C$39.00 in their report on February 27th, continuing their "buy" rating.

Insider Activity

In related news, it was reported that Director David Alexander Fleck purchased 2,000 shares of Alamos Gold on December 18th at an average price of C$26.85 per share, totaling C$53,700. Presently, insiders hold 0.27% of the company's stock.

Stock Performance Overview

On Tuesday, shares of Alamos Gold opened at C$35.94. The market capitalization of the company stands at C$10.63 billion, with a P/E ratio of 42.79 and a P/E/G ratio of -2.10. The stock has a beta of 1.10. Alamos Gold's 50-day moving average is C$30.92, while its 200-day moving average is C$28.28. The company's debt-to-equity ratio is 8.48, with a quick ratio of 1.06 and a current ratio of 1.62. Over the past year, Alamos Gold's stock has fluctuated between a low of C$17.72 and a high of C$36.41.

Company Overview

Alamos Gold Inc. specializes in acquiring, exploring, and producing gold and other precious metals. Their operations primarily focus on two geographic regions: Canada and Mexico. The company currently operates three mines in North America - the Young-Davidson Mine in Canada, along with the Mulatos and El Chanate Mines in Sonora, Mexico. Notably, the Young-Davidson mine is the largest contributor to Alamos Gold's revenue and encompasses mineral leases and claims spanning approximately 11,000 acres.

Alamos, Gold, Investment