Alamos Gold (TSE:AGI) Upgraded to Strong-Buy at National Bank Financial

Alamos Gold (TSE:AGI) (NYSE:AGI) was upgraded by equities research analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities analysts also recently weighed in on AGI. National Bankshares raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price target on the stock in a report on Tuesday. CIBC boosted their price target on shares of Alamos Gold from C$38.00 to C$40.00 in a report on Monday. Finally, BMO Capital Markets boosted their price target on shares of Alamos Gold from C$27.00 to C$31.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$26.50.

Alamos Gold Stock Performance

Shares of AGI stock opened at C$27.27 on Monday. The firm has a market capitalization of C$11.45 billion, a PE ratio of 40.10, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The firm has a fifty day simple moving average of C$27.09 and a two-hundred day simple moving average of C$24.84. The company has a current ratio of 3.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. Alamos Gold has a 12 month low of C$15.27 and a 12 month high of C$29.66.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly 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). Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. The business had revenue of C$492.35 million for the quarter. Analysts forecast that Alamos Gold will post 1.4774775 EPS for the current fiscal year.

Insider Buying and Selling

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

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.