Brokerages Set Alamos Gold Inc. (TSE:AGI) Price Target at C$40.50

Shares of Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI have received a consensus recommendation of "Buy" from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Five investment 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 analysts that have issued ratings on the stock in the last year is C$40.50.

AGI has been the subject of several research reports. TD Securities lowered their price objective on shares of Alamos Gold from C$48.00 to C$45.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Canaccord Genuity Group lifted their target price on Alamos Gold from C$39.00 to C$44.00 and gave the company a "buy" rating in a report on Monday, April 7th. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. National Bankshares raised their price objective on Alamos Gold from C$38.00 to C$46.00 and gave the stock an "outperform" rating in a report on Wednesday, March 19th. Finally, CIBC lifted their price objective on Alamos Gold from C$46.00 to C$48.00 in a research note on Thursday, April 17th.

Insider Activity at Alamos Gold

In other news, Senior Officer Grace Tang sold 4,000 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of C$36.00, for a total transaction of C$144,000.00. Also, Senior Officer Colin Webster sold 7,041 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of C$37.58, for a total transaction of C$264,571.21. 0.27% of the stock is owned by insiders.

Alamos Gold Trading Down 2.4%

AGI stock traded down C$0.87 on Friday, hitting C$35.56. 1,302,837 shares of the company were exchanged, compared to its average volume of 1,079,652. Alamos Gold has a twelve month low of C$20.65 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 business's fifty day moving average is C$37.42 and its two-hundred day moving average is C$32.20. The stock has a market capitalization of C$10.52 billion, a price-to-earnings ratio of 42.34, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10.

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.