Alamos Gold (TSE:AGI) Given New C$64.00 Price Target at National Bankshares

Key Points

• Alamos Gold's stock price target has been raised to C$64.00 by National Bankshares, implying a potential 27.01% upside from its current price.
• Several research firms have upgraded their price targets for Alamos Gold, with CIBC setting a new target of C$74.00, while TD Securities decreased theirs to C$47.00.
• During trading, Alamos Gold shares rose 5.3%, reaching C$50.39 with a market capitalization of C$21.19 billion.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI had its target price upped by National Bankshares from C$56.00 to C$64.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' price target indicates a potential upside of 27.01% from the stock's current price.

Several other research firms also recently commented on AGI. CIBC boosted their target price on shares of Alamos Gold from C$55.00 to C$74.00 in a research report on Friday, October 10th. BMO Capital Markets boosted their target price on shares of Alamos Gold from C$48.00 to C$51.00 in a research report on Tuesday, September 16th. TD Securities decreased their target price on shares of Alamos Gold from C$48.00 to C$47.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Bank of America boosted their target price on shares of Alamos Gold from C$50.50 to C$55.00 in a research report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$55.83.

Alamos Gold Trading Up 5.3%

Shares of AGI stock traded up C$2.55 during trading hours on Wednesday, reaching C$50.39. 658,515 shares of the stock traded hands, compared to its average volume of 1,290,459. Alamos Gold has a 1-year low of C$24.47 and a 1-year high of C$50.56. The business has a fifty day moving average price of C$42.93 and a 200 day moving average price of C$38.83. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48. The firm has a market capitalization of C$21.19 billion, a PE ratio of 61.45, a PEG ratio of -2.10 and a beta of 0.78.

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.

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