Alamos Gold (TSE:AGI) Hits New 1-Year High – Still a Buy?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$29.98 and last traded at C$29.92, with a volume of 68227 shares trading hands. The stock had previously closed at C$29.48.

Analyst Ratings Changes

A number of research firms recently weighed in on AGI. National Bankshares upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price target on the stock in a research note on Tuesday, December 3rd. CIBC lifted their price target on Alamos Gold from C$38.00 to C$40.00 in a research note on Monday, December 2nd. Finally, National Bank Financial upgraded Alamos Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$28.78.

Alamos Gold Stock Performance

The stock has a 50-day simple moving average of C$27.26 and a 200 day simple moving average of C$26.38. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.04 and a quick ratio of 1.06. The company has a market capitalization of C$12.36 billion, a PE ratio of 43.32, a P/E/G ratio of -2.10 and a beta of 1.10.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its earnings results on Wednesday, November 6th. The company reported C$0.26 EPS for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.04). The firm had revenue of C$492.35 million for the quarter. Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. Equities analysts anticipate that Alamos Gold Inc. will post 1.4774775 EPS for the current fiscal year.

Insider Activity

In related news, Director David Alexander Fleck acquired 2,000 shares of Alamos Gold stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of C$26.85 per share, for a total transaction of C$53,700.00. Company insiders own 0.27% of the company’s stock.

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.