Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target upped by investment analysts at BMO Capital Markets from C$12.00 to C$18.50 in a note issued to investors on Wednesday, BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 120.24% from the company’s current price.
A number of other equities research analysts have also recently commented on AGI. CIBC raised their price objective on shares of Alamos Gold from C$9.00 to C$10.50 in a research note on Monday, July 15th. Raymond James reaffirmed a “market perform” rating and set a C$10.00 price objective on shares of Alamos Gold in a research note on Thursday, August 1st. Bank of America raised their price objective on shares of Alamos Gold from C$9.80 to C$10.55 in a research note on Friday, August 16th. Canaccord Genuity increased their target price on Alamos Gold from C$9.50 to C$11.00 in a research report on Friday, July 19th. Finally, National Bank Financial increased their target price on Alamos Gold from C$9.75 to C$11.00 and gave the company a “sector perform” rating in a research report on Thursday, September 5th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of C$11.13.
Shares of TSE AGI opened at C$8.40 on Wednesday. The stock has a market capitalization of $3.48 billion and a price-to-earnings ratio of -121.74. Alamos Gold has a 12 month low of C$3.88 and a 12 month high of C$10.12. The firm’s 50 day simple moving average is C$9.28 and its 200-day simple moving average is C$7.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.91 and a quick ratio of 1.82.
Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.07 EPS for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.02. The firm had revenue of C$224.86 million for the quarter. Analysts anticipate that Alamos Gold will post 0.25 earnings per share for the current fiscal year.
In other news, Senior Officer Christopher John Bostwick sold 35,322 shares of Alamos Gold stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of C$9.85, for a total transaction of C$347,921.70. Following the transaction, the insider now owns 67,069 shares in the company, valued at approximately C$660,629.65. Also, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of Alamos Gold stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$9.45, for a total value of C$283,485.00. Following the transaction, the insider now owns 85,877 shares in the company, valued at approximately C$811,494.71. In the last quarter, insiders have sold 198,922 shares of company stock worth $1,884,583.
Alamos Gold Company Profile
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.
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