Analysts Set Alamos Gold Inc. (TSE:AGI) PT at C$40.50

Shares of Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI have received a consensus rating of "Buy" from the seven research firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$40.50.

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

Insiders Place Their Bets

In related news, Senior Officer Colin Webster sold 7,041 shares of the 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. Also, Senior Officer Grace Tang sold 4,000 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of C$36.00, for a total transaction of C$144,000.00. Insiders own 0.27% of the company's stock.

Alamos Gold Stock Down 0.4%

TSE AGI traded down C$0.16 on Friday, hitting C$35.46. 1,104,698 shares of the company were exchanged, compared to its average volume of 1,079,480. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48. The company has a market cap of C$10.49 billion, a PE ratio of 42.22, a PEG ratio of -2.10 and a beta of 1.10. The stock has a fifty day moving average of C$37.32 and a 200-day moving average of C$32.31. Alamos Gold has a 12 month low of C$20.65 and a 12 month high of C$42.97.

About Alamos Gold

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.