Alamos Gold (TSE:AGI) Price Target Raised to C$65.00 at Stifel Nicolaus

Key Points

• Stifel Nicolaus raised Alamos Gold's price target from C$48.00 to C$65.00, indicating a potential upside of 32.46% from its current price.
• Several analysts have rated Alamos Gold with two giving it a Strong Buy rating and three a Buy rating, suggesting positive sentiment in the market.
• As of now, Alamos Gold's stock is trading at C$49.07, with a market capitalization of C$20.63 billion and a notable debt-to-equity ratio of 8.48.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI had its price target hoisted by equities research analysts at Stifel Nicolaus from C$48.00 to C$65.00 in a report issued on Monday,BayStreet.CA reports. Stifel Nicolaus' price target points to a potential upside of 32.46% from the company's current price.

Several other analysts also recently commented on AGI. Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Bank of America upped their price objective on shares of Alamos Gold from C$55.00 to C$60.00 in a report on Thursday. TD Securities lowered their price target 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. BMO Capital Markets increased their price target on shares of Alamos Gold from C$48.00 to C$51.00 in a report on Tuesday, September 16th. Finally, National Bankshares increased their price target 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, October 15th. Two research 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.com, the stock presently has an average rating of "Buy" and a consensus price target of C$57.86.

Alamos Gold Stock Performance

Alamos Gold stock traded up C$0.72 during mid-day trading on Monday, reaching C$49.07. 498,830 shares of the company traded hands, compared to its average volume of 1,292,336. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06. Alamos Gold has a fifty-two week low of C$24.47 and a fifty-two week high of C$52.73. The company has a market capitalization of C$20.63 billion, a price-to-earnings ratio of 59.84, a price-to-earnings-growth ratio of -2.10 and a beta of 0.78. The firm's fifty day moving average is C$43.79 and its two-hundred day moving average is C$39.10.

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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