Alamos Gold (TSE:AGI) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Alamos Gold's stock price recently crossed above its 200-day moving average of C$35.78, reaching a high of C$36.09 during trading.
• Analysts are optimistic about the stock, with four rating it as a buy and two as a strong buy, suggesting an average target price of C$44.45.
• Insider activity has seen notable sales, with a total of 79,204 shares sold in the last three months, valued at approximately C$2.93 million.

Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI's stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$35.78 and traded as high as C$36.09. Alamos Gold shares last traded at C$35.88, with a volume of 902,777 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. TD Securities cut their target price on shares of Alamos Gold from C$48.00 to C$47.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. National Bankshares boosted their target price on shares of Alamos Gold from C$51.75 to C$52.25 and gave the company an "outperform" rating in a research note on Friday, June 27th. Finally, Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$44.45.

Alamos Gold Stock Performance

The firm's fifty day moving average price is C$35.93 and its 200 day moving average price is C$35.78. 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 firm has a market capitalization of C$10.61 billion, a PE ratio of 42.72, a PEG ratio of -2.10 and a beta of 1.10.

Insider Buying and Selling at Alamos Gold

In related news, Senior Officer Grace Tang sold 4,000 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of C$36.00, for a total value of C$144,000.00. Also, Senior Officer John Michael Fitzgerald sold 7,759 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of C$37.00, for a total transaction of C$287,059.72. Over the last three months, insiders have sold 79,204 shares of company stock valued at $2,928,736. 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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