Alamos Gold (TSE:AGI) Price Target Cut to C$47.00 by Analysts at TD Securities

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 - Free Report) NYSE: AGI had its price target decreased by TD Securities from C$48.00 to C$47.00 in a report issued on Friday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity Group lifted their target price on shares of Alamos Gold from C$39.00 to C$44.00 and gave the stock a "buy" rating in a research note on Monday, April 7th. CIBC boosted their price target on shares of Alamos Gold from C$46.00 to C$48.00 in a research note on Thursday, April 17th. Stifel Canada raised Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, National Bankshares upped their price target on Alamos Gold from C$51.75 to C$52.25 and gave the company an "outperform" rating in a report on Friday, June 27th. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$44.45.

Alamos Gold Stock Performance

AGI traded up C$1.93 during trading on Friday, reaching C$36.17. 464,238 shares of the company's stock were exchanged, compared to its average volume of 1,312,383. The stock has a market capitalization of C$10.70 billion, a P/E ratio of 43.07, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. Alamos Gold has a 1 year low of C$22.88 and a 1 year high of C$42.97. The company's fifty day simple moving average is C$36.01 and its 200-day simple moving average is C$35.44. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06.

Insider Buying and Selling

In other Alamos Gold news, Senior Officer Grace Tang sold 4,000 shares of Alamos Gold stock in a transaction on Friday, May 23rd. The stock was sold at an average price of C$36.00, for a total transaction of C$144,000.00. Also, Senior Officer Colin Webster sold 7,041 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of C$37.58, for a total value of C$264,571.21. In the last quarter, insiders have sold 86,245 shares of company stock worth $3,193,307. 0.27% of the stock is currently owned by insiders.

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.