Alamos Gold (TSE:AGI) Given New C$44.00 Price Target at Canaccord Genuity Group

Alamos Gold (TSE:AGI - Free Report) NYSE: AGI had its target price increased by Canaccord Genuity Group from C$39.00 to C$44.00 in a research report report published on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also recently weighed in on AGI. National Bankshares upped their price target 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. TD Securities increased their target price on Alamos Gold from C$35.00 to C$37.00 and gave the company a "buy" rating in a research report on Friday, February 28th. National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, CIBC boosted their target price on shares of Alamos Gold from C$44.00 to C$46.00 in a research note on Friday, February 21st. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$38.83.

Alamos Gold Stock Performance

Shares of TSE:AGI traded up C$1.46 during trading on Monday, hitting C$40.59. 1,661,169 shares of the stock traded hands, compared to its average volume of 930,017. The company has a fifty day moving average price of C$35.00 and a two-hundred day moving average price of C$30.09. Alamos Gold has a 52-week low of C$19.63 and a 52-week high of C$41.60. The company has a market cap of C$12.01 billion, a price-to-earnings ratio of 48.33, a P/E/G ratio of -2.10 and a beta of 1.10. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48.

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.