TD Securities Issues Pessimistic Forecast for Alamos Gold (TSE:AGI) Stock Price

Key Points

• TD Securities has lowered its price target for Alamos Gold (TSE:AGI) from C$48.00 to C$47.00, while maintaining a "buy" rating for the stock, indicating a potential upside of 38.24%.
• Despite TD Securities' pessimism, other analysts, such as Canaccord Genuity and National Bankshares, have increased their price targets for Alamos Gold, reflecting a consensus "buy" rating among analysts.
• Insiders at Alamos Gold have recently sold 86,245 shares worth over $3 million, suggesting some level of insider movement amidst fluctuating stock performance.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI had its price objective lowered by TD Securities from C$48.00 to C$47.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' price objective indicates a potential upside of 38.24% from the company's previous close.

AGI has been the subject of a number of other reports. Canaccord Genuity Group lifted their price objective on shares of Alamos Gold from C$39.00 to C$44.00 and gave the company a "buy" rating in a report on Monday, April 7th. National Bankshares lifted their price objective on shares of Alamos Gold from C$51.75 to C$52.25 and gave the stock an "outperform" rating in a research report on Friday, June 27th. CIBC boosted their price target on shares of Alamos Gold from C$46.00 to C$48.00 in a research report on Thursday, April 17th. Finally, Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of C$44.45.

Alamos Gold Trading Up 1.0%

TSE AGI traded up C$0.33 during mid-day trading on Friday, reaching C$34.00. 586,288 shares of the stock were exchanged, compared to its average volume of 1,314,901. 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 stock has a market cap of C$10.06 billion, a P/E ratio of 40.48, a P/E/G ratio of -2.10 and a beta of 1.10. The stock has a 50 day simple moving average of C$36.09 and a 200-day simple moving average of C$35.25. Alamos Gold has a one year low of C$22.88 and a one year high of C$42.97.

Insiders Place Their Bets

In other Alamos Gold news, Senior Officer John Michael Fitzgerald sold 40,000 shares of the stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of C$37.00, for a total transaction of C$1,479,880.00. Also, Senior Officer Luc Guimond sold 10,251 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of C$36.95, for a total transaction of C$378,774.45. Over the last quarter, insiders have sold 86,245 shares of company stock worth $3,193,307. 0.27% of the stock is owned by corporate insiders.

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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