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

Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI has received an average rating of "Buy" from the seven ratings firms that are presently covering the company, Marketbeat 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 target among brokerages that have issued ratings on the stock in the last year is C$40.50.

Several analysts recently issued reports on the company. TD Securities lowered their price target on 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. Canaccord Genuity Group increased their price target 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 report on Friday, March 21st. CIBC increased their price target on Alamos Gold from C$46.00 to C$48.00 in a report on Thursday, April 17th. Finally, National Bankshares increased their price target on Alamos Gold from C$38.00 to C$46.00 and gave the company an "outperform" rating in a report on Wednesday, March 19th.

Insider Buying and Selling at Alamos Gold

In other news, Senior Officer Grace Tang sold 4,000 shares of the stock in a transaction dated 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 Luc Guimond sold 10,251 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of C$36.95, for a total transaction of C$378,774.45. Insiders sold a total of 86,245 shares of company stock valued at $3,193,307 in the last ninety days. Insiders own 0.27% of the company's stock.

Alamos Gold Stock Down 0.5%

TSE AGI traded down C$0.18 during trading hours on Thursday, hitting C$36.36. The company had a trading volume of 2,839,668 shares, compared to its average volume of 1,354,746. Alamos Gold has a fifty-two week low of C$20.99 and a fifty-two week high of C$42.97. The company has a market capitalization of C$10.75 billion, a price-to-earnings ratio of 43.29, a P/E/G ratio of -2.10 and a beta of 1.10. 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 firm's 50 day moving average is C$37.14 and its 200 day moving average is C$33.56.

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.