Alamos Gold (TSE:AGI) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Shares of Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$33.76 and traded as high as C$36.06. Alamos Gold shares last traded at C$35.68, with a volume of 1,227,531 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity Group boosted their price target on shares of Alamos Gold from C$39.00 to C$44.00 and gave the company a "buy" rating in a research note on Monday, April 7th. National Bankshares lifted their target price on shares of Alamos Gold from C$38.00 to C$46.00 and gave the company an "outperform" rating in a report on Wednesday, March 19th. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. CIBC raised their price target on Alamos Gold from C$46.00 to C$48.00 in a research report on Thursday, April 17th. Finally, TD Securities cut their price objective on Alamos Gold from C$48.00 to C$45.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Alamos Gold currently has a consensus rating of "Buy" and a consensus price target of C$40.50.

Alamos Gold Stock Performance

The company has a market capitalization of C$10.55 billion, a price-to-earnings ratio of 42.48, a price-to-earnings-growth 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 stock's fifty day simple moving average is C$36.71 and its 200-day simple moving average is C$33.76.

Insiders Place Their Bets

In other Alamos Gold news, Senior Officer John Michael Fitzgerald sold 40,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of C$37.00, for a total transaction of C$1,479,880.00. Also, Senior Officer Colin Webster sold 7,041 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of C$37.58, for a total transaction of C$264,571.21. Insiders sold a total of 86,245 shares of company stock worth $3,193,307 over the last 90 days. Corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.