Alamos Gold (TSE:AGI) PT Raised to C$17.50

Posted by MarketBeat News on Jan 15th, 2023

Alamos Gold (TSE:AGI – Get Rating) (NYSE:AGI) had its price objective raised by National Bankshares from C$15.00 to C$17.50 in a research note issued on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 18.81% from the company’s current price.

Separately, CIBC lifted their target price on Alamos Gold from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a report on Thursday, October 27th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$13.23.

Alamos Gold Price Performance

Shares of AGI opened at C$14.73 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.06 and a current ratio of 2.40. The stock has a 50 day simple moving average of C$13.18 and a 200 day simple moving average of C$11.04. Alamos Gold has a 52-week low of C$8.30 and a 52-week high of C$15.25. The firm has a market capitalization of C$5.80 billion and a PE ratio of 184.13.

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Alamos Gold (TSE:AGI – Get Rating) (NYSE:AGI) last posted its quarterly earnings data on Wednesday, October 26th. The company reported C$0.09 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.01). The business had revenue of C$278.71 million during the quarter. Sell-side analysts predict that Alamos Gold will post 0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Christine Barwell sold 3,166 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of C$11.34, for a total transaction of C$35,902.44. Following the transaction, the insider now directly owns 39,858 shares of the company’s stock, valued at C$451,989.72. In other news, Senior Officer Christine Barwell sold 3,166 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of C$11.34, for a total transaction of C$35,902.44. Following the completion of the sale, the insider now owns 39,858 shares in the company, valued at approximately C$451,989.72. Also, Director John Mccluskey sold 100,000 shares of Alamos Gold stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of C$11.42, for a total transaction of C$1,142,400.00. Following the completion of the sale, the director now owns 676,193 shares of the company’s stock, valued at approximately C$7,724,828.83. Insiders have sold 302,777 shares of company stock valued at $3,604,267 over the last ninety days.