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Alamos Gold (TSE:AGI) Price Target Raised to C$60.00

Alamos Gold logo with Basic Materials background

Key Points

  • Alamos Gold's price target has been raised to C$60.00 by Bank of America, indicating a potential upside of 15.25% from its previous close.
  • Other firms have also increased their price targets for Alamos Gold, with National Bankshares setting it at C$64.00 and CIBC at C$74.00.
  • In trading, Alamos Gold shares rose by C$1.45 to reach a price of C$52.06, reflecting a significant activity level with nearly 800,000 shares exchanged.
  • Interested in Alamos Gold? Here are five stocks we like better.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI had its price objective increased by equities researchers at Bank of America from C$55.00 to C$60.00 in a research report issued on Thursday,BayStreet.CA reports. Bank of America's price target indicates a potential upside of 15.25% from the company's previous close.

AGI has been the topic of a number of other reports. National Bankshares increased their target price on shares of Alamos Gold from C$56.00 to C$64.00 and gave the stock an "outperform" rating in a report on Wednesday. BMO Capital Markets increased their price objective on shares of Alamos Gold from C$48.00 to C$51.00 in a report on Tuesday, September 16th. Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. CIBC increased their price objective on shares of Alamos Gold from C$55.00 to C$74.00 in a report on Friday, October 10th. Finally, TD Securities dropped their price objective on shares of Alamos Gold from C$48.00 to C$47.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of C$56.67.

Check Out Our Latest Analysis on Alamos Gold

Alamos Gold Stock Performance

Shares of TSE:AGI traded up C$1.45 on Thursday, reaching C$52.06. 795,474 shares of the company's stock were exchanged, compared to its average volume of 1,290,358. The firm has a market capitalization of C$21.89 billion, a price-to-earnings ratio of 63.49, a PEG ratio of -2.10 and a beta of 0.78. Alamos Gold has a fifty-two week low of C$24.47 and a fifty-two week high of C$52.65. The business's 50-day moving average is C$43.21 and its two-hundred day moving average is C$38.91. 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

(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.

See Also

Analyst Recommendations for Alamos Gold (TSE:AGI)

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