Alamos Gold Inc. (TSE:AGI) Given Average Rating of “Buy” by Analysts

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have earned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$28.78.

AGI has been the subject of several recent analyst reports. National Bankshares upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 target price for the company in a research report on Tuesday, December 3rd. National Bank Financial raised Alamos Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, CIBC lifted their target price on Alamos Gold from C$38.00 to C$40.00 in a research report on Monday, December 2nd.

Insider Transactions at Alamos Gold

In related news, Director David Alexander Fleck bought 2,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was bought at an average price of C$26.85 per share, for a total transaction of C$53,700.00. Corporate insiders own 0.27% of the company’s stock.

Alamos Gold Price Performance

AGI stock opened at C$33.03 on Friday. The stock has a market cap of C$9.77 billion, a PE ratio of 39.33, a P/E/G ratio of -2.10 and a beta of 1.10. Alamos Gold has a 12 month low of C$15.28 and a 12 month high of C$34.42. The company has a 50-day moving average price of C$28.92 and a 200 day moving average price of C$27.33. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48.

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.