TD Securities Increases Alamos Gold (TSE:AGI) Price Target to C$24.00

Alamos Gold (TSE:AGIGet Free Report) (NYSE:AGI) had its price target hoisted by investment analysts at TD Securities from C$23.00 to C$24.00 in a research report issued on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 20.18% from the stock’s previous close.

AGI has been the topic of several other reports. Desjardins dropped their price target on Alamos Gold from C$19.50 to C$18.75 and set a “hold” rating on the stock in a research note on Friday, January 12th. National Bank Financial restated an “outperform overweight” rating on shares of Alamos Gold in a report on Wednesday, January 3rd. BMO Capital Markets boosted their price objective on Alamos Gold from C$19.00 to C$23.00 in a report on Wednesday, December 13th. Royal Bank of Canada upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$12.00 to C$16.00 in a report on Thursday, January 11th. Finally, Jefferies Financial Group set a C$14.00 price objective on Alamos Gold and gave the company a “buy” rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from, Alamos Gold presently has an average rating of “Moderate Buy” and an average price target of C$20.41.

Read Our Latest Stock Report on Alamos Gold

Alamos Gold Price Performance

Alamos Gold stock opened at C$19.97 on Thursday. The stock’s 50 day moving average is C$17.09 and its 200 day moving average is C$17.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 1.06. The firm has a market cap of C$7.92 billion, a P/E ratio of 27.74, a P/E/G ratio of -2.10 and a beta of 0.97. Alamos Gold has a one year low of C$14.80 and a one year high of C$20.20.

Alamos Gold (TSE:AGIGet Free Report) (NYSE:AGI) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$0.16 EPS for the quarter, hitting analysts’ consensus estimates of C$0.16. The company had revenue of C$346.65 million for the quarter. Alamos Gold had a return on equity of 7.44% and a net margin of 20.52%. As a group, research analysts expect that Alamos Gold will post 0.8047079 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$18.66, for a total transaction of C$559,737.00. 0.29% of the stock is currently owned by insiders.

Alamos Gold Company Profile

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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.

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Analyst Recommendations for Alamos Gold (TSE:AGI)

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