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

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.

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.

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

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.