National Bankshares Forecasts Strong Price Appreciation for Alamos Gold (TSE:AGI) Stock

Key Points

• National Bankshares increased its price target for Alamos Gold from C$53.50 to C$56.00, indicating a potential upside of 20.22% from the current price.
• Two analysts rated Alamos Gold as a Strong Buy and three gave it a Buy rating, resulting in a consensus rating of Buy with an average price target of C$50.17.
• Despite the positive forecasts, Alamos Gold's stock recently traded down 0.4%, reaching a price of C$46.58.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI had its price objective increased by equities researchers at National Bankshares from C$53.50 to C$56.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' target price indicates a potential upside of 20.22% from the company's current price.

AGI has been the subject of a number of other research reports. Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Bank of America increased their target price on shares of Alamos Gold from C$50.50 to C$55.00 in a research note on Friday, August 29th. TD Securities cut their price target on Alamos Gold from C$48.00 to C$47.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Finally, BMO Capital Markets increased their price target on Alamos Gold from C$48.00 to C$51.00 in a research report on Tuesday, September 16th. 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, Alamos Gold has a consensus rating of "Buy" and an average price target of C$50.17.

Alamos Gold Stock Down 0.4%

Shares of Alamos Gold stock traded down C$0.20 on Wednesday, reaching C$46.58. The stock had a trading volume of 993,915 shares, compared to its average volume of 1,293,161. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48. The stock has a market capitalization of C$19.58 billion, a P/E ratio of 56.80, a P/E/G ratio of -2.10 and a beta of 0.59. The company has a 50 day moving average price of C$39.22 and a 200 day moving average price of C$37.70. Alamos Gold has a 1 year low of C$24.47 and a 1 year high of C$47.71.

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.

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