National Bankshares Trims Alamos Gold (TSE:AGI) Target Price to C$26.50

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI had its target price dropped by National Bankshares from C$27.00 to C$26.50 in a research note issued on Friday, BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' price target would suggest a potential upside of 26.73% from the company's previous close.

Other analysts have also issued research reports about the company. BMO Capital Markets increased their price objective on Alamos Gold from C$23.00 to C$26.00 and gave the company an "outperform" rating in a report on Thursday, March 28th. TD Securities raised their target price on Alamos Gold from C$23.00 to C$24.00 and gave the stock a "buy" rating in a research note on Thursday, March 28th. Royal Bank of Canada upgraded Alamos Gold from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from C$12.00 to C$16.00 in a research note on Thursday, January 11th. Jefferies Financial Group set a C$14.00 target price on Alamos Gold and gave the stock a "buy" rating in a research note on Thursday, February 29th. Finally, Bank of America upgraded Alamos Gold from a "neutral" rating to a "buy" rating and raised their target price for the stock from C$21.75 to C$27.75 in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$22.55.

Alamos Gold Stock Up 2.0 %

TSE AGI traded up C$0.41 during midday trading on Friday, hitting C$20.91. 832,418 shares of the company traded hands, compared to its average volume of 642,382. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 1.06. The company has a market cap of C$8.30 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of -2.10 and a beta of 0.97. The company's 50-day simple moving average is C$18.64 and its 200-day simple moving average is C$17.92. Alamos Gold has a 52 week low of C$14.80 and a 52 week high of C$22.00.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI last issued its quarterly earnings data on Wednesday, April 24th. The company reported C$0.18 EPS for the quarter, meeting the consensus estimate of C$0.18. Alamos Gold had a return on equity of 7.44% and a net margin of 20.52%. The firm had revenue of C$374.24 million during the quarter. As a group, equities research analysts forecast that Alamos Gold will post 0.7762158 earnings per share for the current year.

Insiders Place Their Bets

In other Alamos Gold news, Senior Officer Mario Luis Chavez - Martinez sold 30,000 shares of Alamos Gold stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$18.66, for a total value of C$559,737.00. 0.29% of the stock is owned by corporate insiders.

About Alamos Gold

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.