Alamos Gold (TSE:AGI) Stock Price Expected to Rise, National Bankshares Analyst Says

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI had its price objective increased by equities research analysts at National Bankshares from C$51.75 to C$52.25 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price target suggests a potential upside of 49.24% from the stock's current price.

AGI has been the subject of several other reports. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Canaccord Genuity Group lifted their price target on shares of Alamos Gold from C$39.00 to C$44.00 and gave the stock a "buy" rating in a research report on Monday, April 7th. TD Securities cut their price objective on shares of 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. Finally, CIBC raised their price objective on shares of Alamos Gold from C$46.00 to C$48.00 in a research note on Thursday, April 17th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$41.54.

Alamos Gold Stock Down 1.9%

Shares of TSE AGI traded down C$0.67 during mid-day trading on Friday, reaching C$35.01. 727,627 shares of the company traded hands, compared to its average volume of 1,342,746. The company's fifty day moving average is C$36.71 and its two-hundred day moving average is C$33.76. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62. Alamos Gold has a fifty-two week low of C$20.99 and a fifty-two week high of C$42.97. The stock has a market cap of C$10.35 billion, a PE ratio of 41.68, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10.

Insiders Place Their Bets

In related news, Senior Officer Gregory S. Fisher sold 10,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of C$37.27, for a total transaction of C$372,700.00. Also, Senior Officer Grace Tang sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of C$36.00, for a total transaction of C$144,000.00. Over the last three months, insiders have sold 86,245 shares of company stock worth $3,193,307. 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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