Alamos Gold (TSE:AGI) Raised to Outperform at National Bankshares

Alamos Gold (TSE:AGI) (NYSE:AGI) was upgraded by stock analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a C$35.00 target price on the stock. National Bankshares’ target price would indicate a potential upside of 27.13% from the company’s previous close.

Other research analysts have also issued research reports about the company. CIBC lifted their price target on Alamos Gold from C$38.00 to C$40.00 in a research report on Monday. BMO Capital Markets upped their price objective on Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, National Bank Financial downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Alamos Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of C$26.50.

Alamos Gold Stock Up 5.9 %

Alamos Gold stock traded up C$1.54 during trading hours on Tuesday, reaching C$27.53. The stock had a trading volume of 859,810 shares, compared to its average volume of 713,284. Alamos Gold has a 52 week low of C$15.27 and a 52 week high of C$29.66. The company has a market cap of C$11.55 billion, a price-to-earnings ratio of 40.49, a PEG ratio of -2.10 and a beta of 1.10. 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 business’s 50 day moving average price is C$27.09 and its 200-day moving average price is C$24.80.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share for the quarter, missing the consensus estimate of C$0.30 by C($0.04). The business 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%. Sell-side analysts anticipate that Alamos Gold will post 1.4774775 EPS for the current year.

Insiders Place Their Bets

In related news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of Alamos Gold stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$28.66, for a total value of C$45,569.40. Following the transaction, the insider now directly owns 374 shares of the company’s stock, valued at C$10,718.84. This trade represents a 80.96 % decrease in their ownership of the stock. Also, Senior Officer John Michael Fitzgerald sold 20,456 shares of Alamos Gold stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$27.73, for a total transaction of C$567,150.78. Company insiders own 0.27% 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.