Alamos Gold (TSE:AGI) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Key Points

• BMO Capital Markets has raised its price target for Alamos Gold (TSE:AGI) stock from C$48.00 to C$51.00, indicating a potential upside of 17.67% from the stock's previous close.
• Other analysts have also adjusted their ratings, with Bank of America increasing their target to C$55.00 and National Bankshares slightly raising theirs to C$52.25, while the consensus rating remains a Buy.
• Alamos Gold's stock recently traded down 5.9% to C$43.34, with a market capitalization of C$18.22 billion and a P/E ratio of 52.85.

Alamos Gold (TSE:AGI - Free Report) NYSE: AGI had its price target upped by BMO Capital Markets from C$48.00 to C$51.00 in a research report report published on Tuesday morning,BayStreet.CA reports.

AGI has been the subject of several other reports. Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. TD Securities lowered their price objective on shares of Alamos Gold from C$48.00 to C$47.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. National Bankshares lifted their price target on shares of 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. Finally, Bank of America raised their price target on Alamos Gold from C$50.50 to C$55.00 in a research report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of C$49.54.

Alamos Gold Stock Performance

AGI stock traded up C$1.51 during mid-day trading on Tuesday, hitting C$44.49. The company had a trading volume of 4,338,768 shares, compared to its average volume of 1,287,795. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62. The firm has a market cap of C$18.70 billion, a PE ratio of 54.26, a price-to-earnings-growth ratio of -2.10 and a beta of 0.59. Alamos Gold has a 12 month low of C$24.47 and a 12 month high of C$46.94. The stock's fifty day moving average price is C$38.81 and its two-hundred day moving average price is C$37.52.

Alamos Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, September 11th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.2%. Alamos Gold's payout ratio is currently 12.20%.

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.