Alamos Gold (TSE:AGI) Given New C$75.00 Price Target at Canadian Imperial Bank of Commerce

Key Points

• Canadian Imperial Bank of Commerce lowered Alamos Gold’s price target to C$75.00 from C$82.00, while maintaining a positive outlook that implies nearly 91% upside from the prior close.
• Analyst sentiment remains favorable: Alamos Gold has an average “Buy” rating and a consensus target price of C$74.70, with other firms setting targets between C$78.00 and C$87.00.
• Alamos Gold shares fell 2.1% to C$39.27 in Thursday trading. The company recently reported C$0.84 in quarterly EPS and C$844.09 million in revenue, with a 51.42% net margin.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI had its target price dropped by equities researchers at Canadian Imperial Bank of Commerce from C$82.00 to C$75.00 in a report issued on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce's price target points to a potential upside of 90.99% from the company's previous close.

Several other research firms have also weighed in on AGI. National Bank Financial reduced their target price on Alamos Gold from C$88.00 to C$87.00 and set an "outperform" rating on the stock in a report on Friday, April 17th. TD lifted their price target on Alamos Gold from C$70.00 to C$78.00 and gave the company a "buy" rating in a research note on Tuesday, April 21st. Finally, Canaccord Genuity Group lifted their target price on Alamos Gold from C$72.00 to C$80.00 in a research report on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of C$74.70.

Alamos Gold Trading Down 2.1%

Shares of TSE:AGI traded down C$0.86 during trading on Thursday, hitting C$39.27. 833,921 shares of the company's stock were exchanged, compared to its average volume of 1,165,991. The firm has a 50-day moving average price of C$46.58 and a two-hundred day moving average price of C$55.85. Alamos Gold has a 1-year low of C$33.11 and a 1-year high of C$75.78. The firm has a market cap of C$16.49 billion, a P/E ratio of 15.65, a PEG ratio of -2.10 and a beta of 1.89. The company has a current ratio of 1.74, a quick ratio of 1.05 and a debt-to-equity ratio of 4.77.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$0.84 EPS for the quarter. Alamos Gold had a return on equity of 25.24% and a net margin of 51.42%.The business had revenue of C$844.09 million during the quarter. Equities analysts predict that Alamos Gold will post 1.4774775 earnings per share for the current year.

Alamos Gold Company Profile

Alamos is a Canadian-based intermediate gold producer with diversified production from three operations in North America. This includes the Island Gold District and Young-Davidson mine in northern Ontario, Canada, and the Mulatos District in Sonora State, Mexico. Additionally, the Company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development.

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