Alamos Gold (TSE:AGI) Stock Passes Above 200 Day Moving Average - Here's Why

Key Points

• Alamos Gold Inc.'s stock price has surpassed its 200-day moving average, indicating positive momentum, with shares traded at C$39.37.
• Analysts have revised price targets for Alamos Gold, with a consensus rating of "Buy" and a new average price target of C$44.45.
• Insiders have sold a total of over C$2.7 million worth of shares in recent months, raising concerns about insider activity despite stating they own only 0.27% of the company.

Shares of Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$36.12 and traded as high as C$39.83. Alamos Gold shares last traded at C$39.37, with a volume of 586,623 shares.

Analysts Set New Price Targets

AGI has been the subject of several research analyst reports. National Bankshares lifted their price target on Alamos Gold from C$51.75 to C$52.25 and gave the stock an "outperform" rating in a research note on Friday, June 27th. Stifel Canada raised Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, TD Securities dropped their price target on Alamos Gold from C$48.00 to C$47.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$44.45.

Alamos Gold Stock Performance

The company has a market cap of C$11.64 billion, a PE ratio of 46.88, a P/E/G ratio of -2.10 and a beta of 1.10. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48. The business has a fifty day moving average of C$36.00 and a 200-day moving average of C$36.12.

Insider Activity at Alamos Gold

In related news, Senior Officer Luc Guimond sold 10,251 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of C$36.95, for a total transaction of C$378,774.45. Also, Senior Officer John Michael Fitzgerald sold 40,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of C$37.00, for a total value of C$1,479,880.00. Insiders have sold a total of 75,204 shares of company stock worth $2,784,736 in the last 90 days. Company insiders own 0.27% of the company's stock.

Alamos Gold Company Profile

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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