Alamos Gold Inc. (TSE:AGI) Receives Average Rating of “Buy” from Brokerages

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$28.78.

Several research analysts recently weighed in on the company. National Bankshares raised 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 report on Tuesday, December 3rd. CIBC upped their price target on Alamos Gold from C$38.00 to C$40.00 in a research report on Monday, December 2nd. Finally, National Bank Financial raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd.

Insider Activity

In other Alamos Gold news, Director David Alexander Fleck bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average price of C$26.85 per share, for a total transaction of C$53,700.00. 0.27% of the stock is currently owned by insiders.

Alamos Gold Trading Up 2.1 %

Shares of TSE AGI opened at C$32.23 on Friday. Alamos Gold has a 12 month low of C$15.28 and a 12 month high of C$33.03. The company has a market cap of C$9.53 billion, a price-to-earnings ratio of 38.37, a P/E/G ratio of -2.10 and a beta of 1.10. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48. The business has a fifty day simple moving average of C$28.65 and a 200-day simple moving average of C$27.18.

About Alamos Gold

Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: the Young-Davidson Mine in Canada and the Mulatos and El Chanate Mines in Sonora, Mexico. The Young-Davidson mine is the group’s largest revenue contributor, and the property also holds mineral leases and claims covering approximately 11,000 acres.