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Brokerages Set Alamos Gold Inc. (TSE:AGI) Price Target at C$44.45

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Key Points

  • Alamos Gold Inc. has received an average rating of "Buy" from six analysts, with a consensus twelve-month price target of C$44.45.
  • Recent insider sales included a total of 79,204 shares sold by insiders valued at nearly $2.93 million within the last ninety days.
  • The company's stock is currently priced at C$36.01, experiencing a slight decline of C$0.24 in midday trading.
  • Want stock alerts on Alamos Gold? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI have earned a consensus recommendation of "Buy" from the six analysts that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$44.45.

Several research analysts recently commented on AGI shares. Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. CIBC increased their price target on shares of Alamos Gold from C$46.00 to C$48.00 in a research note on Thursday, April 17th. TD Securities cut their price target on shares of Alamos Gold from C$48.00 to C$47.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Finally, National Bankshares increased their price target on shares of Alamos Gold from C$51.75 to C$52.25 and gave the company an "outperform" rating in a research note on Friday, June 27th.

View Our Latest Research Report on AGI

Alamos Gold Stock Down 0.9%

Shares of Alamos Gold stock traded down C$0.34 on Friday, hitting C$35.65. The company had a trading volume of 294,206 shares, compared to its average volume of 1,302,568. The firm has a market capitalization of C$10.54 billion, a P/E ratio of 42.45, a P/E/G ratio of -2.10 and a beta of 1.10. Alamos Gold has a twelve month low of C$24.37 and a twelve month high of C$42.97. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06. The stock has a 50-day moving average of C$36.03 and a 200-day moving average of C$35.69.

Insider Buying and Selling at Alamos Gold

In other Alamos Gold news, Senior Officer John Michael Fitzgerald sold 7,759 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of C$37.00, for a total transaction of C$287,059.72. Also, Senior Officer Grace Tang sold 4,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of C$36.00, for a total transaction of C$144,000.00. Over the last 90 days, insiders sold 79,204 shares of company stock valued at $2,928,736. 0.27% of the stock is owned by insiders.

Alamos Gold Company Profile

(Get Free Report)

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.

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