National Bank Financial Cuts Alamos Gold (TSE:AGI) Price Target to C$87.00

Key Points

• National Bank Financial trimmed its target on Alamos Gold from C$88 to C$87 but kept an "outperform" rating, implying about a 28.43% upside from the prior close.
• Other brokers have generally raised targets (e.g., CIBC to C$90, Canaccord to C$80), and the stock carries a consensus analyst rating of "Buy" with a consensus price target of C$76.00.
• Shares traded around C$67.74 mid-day with a market cap of C$28.45 billion; the company reported C$0.74 EPS for the quarter, a 49.07% net margin, and a 12‑month range of C$32.90–C$75.78.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI had its target price lowered by research analysts at National Bank Financial from C$88.00 to C$87.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bank Financial's price target indicates a potential upside of 28.43% from the company's previous close.

A number of other brokerages have also recently issued reports on AGI. Canaccord Genuity Group increased their target price on Alamos Gold from C$72.00 to C$80.00 in a report on Wednesday, April 8th. Canadian Imperial Bank of Commerce increased their target price on Alamos Gold from C$80.00 to C$90.00 in a report on Thursday, February 26th. Stifel Nicolaus increased their target price on Alamos Gold from C$65.00 to C$80.00 in a report on Tuesday, February 10th. Bank of America increased their target price on Alamos Gold from C$67.00 to C$78.50 in a report on Thursday, February 26th. Finally, Desjardins increased their price target on Alamos Gold from C$70.00 to C$80.00 and gave the stock a "buy" rating in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, Alamos Gold has a consensus rating of "Buy" and a consensus price target of C$76.00.

Alamos Gold Price Performance

Shares of AGI traded up C$1.40 during mid-day trading on Friday, reaching C$67.74. The company had a trading volume of 453,717 shares, compared to its average volume of 1,064,098. Alamos Gold has a twelve month low of C$32.90 and a twelve month high of C$75.78. The company has a debt-to-equity ratio of 5.27, a current ratio of 1.72 and a quick ratio of 1.06. The company's 50-day moving average is C$63.69 and its 200-day moving average is C$55.20. The company has a market capitalization of C$28.45 billion, a P/E ratio of 32.26, a P/E/G ratio of -2.10 and a beta of 1.77.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI last issued its earnings results on Thursday, February 19th. The company reported C$0.74 earnings per share (EPS) for the quarter. Alamos Gold had a return on equity of 22.48% and a net margin of 49.07%.The business had revenue of C$765.13 million during the quarter. On average, equities analysts anticipate that Alamos Gold will post 1.4774775 EPS for the current year.

About Alamos Gold

Alamos is a Canadian-based intermediate gold producer with diversified production from three operations in North America. This includes the Island Gold District and Young-Davidson mine in northern Ontario, Canada, and the Mulatos District in Sonora State, Mexico. Additionally, the Company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development.

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