BMO Capital Markets Issues Positive Forecast for Alamos Gold (TSE:AGI) Stock Price

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 - Get Free Report) NYSE: AGI had its price target upped by investment analysts at BMO Capital Markets from C$48.00 to C$51.00 in a note issued to investors on Tuesday,BayStreet.CA reports. BMO Capital Markets' target price indicates a potential upside of 17.67% from the stock's previous close.

Several other equities research analysts have also recently weighed in on AGI. Bank of America increased their target price on Alamos Gold from C$50.50 to C$55.00 in a report on Friday, August 29th. TD Securities dropped their target price on shares of Alamos Gold from C$48.00 to C$47.00 and set a "buy" rating for the company in a report on Friday, August 1st. National Bankshares increased their target price on shares of Alamos Gold from C$51.75 to C$52.25 and gave the stock an "outperform" rating in a report on Friday, June 27th. Finally, Stifel Canada upgraded Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of C$49.54.

Alamos Gold Trading Down 5.9%

TSE AGI traded down C$2.70 during trading on Tuesday, hitting C$43.34. 704,987 shares of the company's stock traded hands, compared to its average volume of 1,267,235. The stock has a fifty day moving average of C$38.21 and a two-hundred day moving average of C$37.29. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06. Alamos Gold has a 12-month low of C$24.47 and a 12-month high of C$46.94. The firm has a market cap of C$18.22 billion, a P/E ratio of 52.85, a PEG ratio of -2.10 and a beta of 0.59.

About Alamos Gold

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.