Alamos Gold (TSE:AGI) Upgraded to Buy by Bank of America

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI was upgraded by equities research analysts at Bank of America from a "neutral" rating to a "buy" rating in a note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has a C$27.75 price objective on the stock, up from their prior price objective of C$21.75. Bank of America's price target suggests a potential upside of 35.83% from the company's current price.

AGI has been the subject of several other research reports. BMO Capital Markets upped their target price on shares of Alamos Gold from C$23.00 to C$26.00 and gave the stock an "outperform" rating in a research report on Thursday, March 28th. National Bank Financial restated an "outperform overweight" rating on shares of Alamos Gold in a research report on Wednesday, January 3rd. Royal Bank of Canada upgraded shares of Alamos Gold from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from C$12.00 to C$16.00 in a report on Thursday, January 11th. Desjardins decreased their price objective on shares of Alamos Gold from C$19.50 to C$18.75 and set a "hold" rating for the company in a report on Friday, January 12th. Finally, Haywood Securities increased their price objective on shares of Alamos Gold from C$20.00 to C$22.50 in a report on Monday, April 1st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$21.52.

Alamos Gold Stock Performance

AGI traded up C$0.26 on Tuesday, hitting C$20.43. 854,519 shares of the company's stock were exchanged, compared to its average volume of 605,736. Alamos Gold has a twelve month low of C$14.80 and a twelve month high of C$20.94. The company has a current ratio of 2.36, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. The firm has a market cap of C$8.11 billion, a PE ratio of 28.39, a P/E/G ratio of -2.10 and a beta of 0.97. The stock has a fifty day moving average of C$17.50 and a two-hundred day moving average of C$17.48.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI last posted its earnings results on Wednesday, February 21st. The company reported C$0.16 EPS for the quarter, hitting the consensus estimate of C$0.16. Alamos Gold had a net margin of 20.52% and a return on equity of 7.44%. The firm had revenue of C$346.65 million during the quarter. On average, research analysts anticipate that Alamos Gold will post 0.7749321 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Alamos Gold news, Senior Officer Mario Luis Chavez - Martinez sold 30,000 shares of the stock in a transaction that occurred 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. Insiders own 0.29% of the company's stock.

Alamos Gold Company Profile

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.