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

Alamos Gold logo with Basic Materials background

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.

Read Our Latest Stock Report on Alamos Gold

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

(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.

Further Reading

Analyst Recommendations for Alamos Gold (TSE:AGI)

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