Alamos Gold (TSE:AGI) Sets New 52-Week Low - Here's Why

Key Points

• Alamos Gold shares hit a new 52-week low, falling to C$37.95 and closing near C$37.98, down from the previous close of C$40.26.
• Despite the decline, analysts remain bullish overall: the stock has a consensus “Buy” rating and a consensus price target of C$76.67. Target changes were mixed, with CIBC lowering its target to C$75 while National Bank Financial raised its target to C$81.
• The company reported C$0.63 in quarterly EPS, C$726.62 million in revenue, a 46.82% net margin, and a 22.60% return on equity; analysts expect full-year EPS of C$1.48.

Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI's share price hit a new 52-week low on Friday. The stock traded as low as C$37.95 and last traded at C$37.98, with a volume of 227,925 shares trading hands. The stock had previously closed at C$40.26.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Canadian Imperial Bank of Commerce cut their target price on Alamos Gold from C$82.00 to C$75.00 in a research note on Thursday, July 30th. National Bank Financial increased their target price on shares of Alamos Gold from C$76.00 to C$81.00 and gave the stock an "outperform" rating in a research report on Monday, September 21st. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of C$76.67.

Alamos Gold Stock Performance

The firm has a 50 day moving average price of C$47.78 and a two-hundred day moving average price of C$53.02. The company has a market capitalization of C$16.06 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of -2.10 and a beta of 2.07. The company has a debt-to-equity ratio of 4.57, a quick ratio of 1.05 and a current ratio of 1.72.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI last issued its quarterly earnings results on Wednesday, October 28th. The company reported C$0.63 EPS for the quarter. Alamos Gold had a net margin of 46.82% and a return on equity of 22.60%. The company had revenue of C$726.62 million during the quarter. On average, research analysts expect that Alamos Gold Inc. will post 1.48 earnings per share for the current fiscal year.

Alamos Gold Company Profile

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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