CIBC Raises Alamos Gold (TSE:AGI) Price Target to C$74.00

Key Points

• CIBC has raised its price target for Alamos Gold from C$55.00 to C$74.00, indicating a potential upside of 61.04% from the current stock price.
• Other analysts have issued varying price targets, with TD Securities setting a target of C$47.00, while BMO Capital Markets raised theirs to C$51.00.
• Alamos Gold currently trades at C$45.95, with a market capitalization of C$19.32 billion, and has a one-year trading range between C$24.47 and C$49.60.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI had its price objective lifted by investment analysts at CIBC from C$55.00 to C$74.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC's price target suggests a potential upside of 61.04% from the stock's previous close.

A number of other research analysts also recently issued reports on the company. TD Securities dropped their price target on 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. BMO Capital Markets upped their price objective on shares of Alamos Gold from C$48.00 to C$51.00 in a research report on Tuesday, September 16th. National Bankshares raised their price target on shares of Alamos Gold from C$53.50 to C$56.00 and gave the company an "outperform" rating in a research note on Wednesday, September 24th. Bank of America raised their target price on shares of Alamos Gold from C$50.50 to C$55.00 in a report on Friday, August 29th. Finally, Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat.com, Alamos Gold has an average rating of "Buy" and an average target price of C$54.50.

Alamos Gold Stock Performance

Alamos Gold stock traded down C$0.02 during trading hours on Friday, hitting C$45.95. 515,174 shares of the stock traded hands, compared to its average volume of 1,289,999. The stock has a market capitalization of C$19.32 billion, a price-to-earnings ratio of 56.04, a P/E/G ratio of -2.10 and a beta of 0.78. Alamos Gold has a 1 year low of C$24.47 and a 1 year high of C$49.60. 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's 50 day moving average price is C$42.21 and its 200-day moving average price is C$38.63.

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.

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