Alamos Gold (TSE:AGI) Given New C$52.25 Price Target at National Bankshares

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI had its target price increased by National Bankshares from C$51.75 to C$52.25 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' target price points to a potential upside of 44.26% from the stock's previous close.

AGI has been the subject of a number of other reports. TD Securities reduced their price target on shares of Alamos Gold from C$48.00 to C$45.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Canaccord Genuity Group raised 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 report on Monday, April 7th. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, CIBC raised their price target on shares of Alamos Gold from C$46.00 to C$48.00 in a research report on Thursday, April 17th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of C$41.54.

Alamos Gold Trading Up 3.2%

Shares of AGI traded up C$1.13 during trading hours on Friday, hitting C$36.22. 1,469,091 shares of the stock were exchanged, compared to its average volume of 1,349,095. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06. The firm has a market capitalization of C$10.71 billion, a P/E ratio of 43.12, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The business has a 50-day moving average of C$36.60 and a 200-day moving average of C$33.89. Alamos Gold has a fifty-two week low of C$20.99 and a fifty-two week high of C$42.97.

Insider Activity

In other news, Senior Officer John Michael Fitzgerald sold 7,759 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of C$37.00, for a total value of C$287,059.72. Also, Senior Officer Gregory S. Fisher sold 10,000 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$37.27, for a total value of C$372,700.00. Over the last quarter, insiders have sold 86,245 shares of company stock valued at $3,193,307. 0.27% of the stock is currently owned by corporate insiders.

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.