Alamos Gold (TSE:AGI) Price Target Raised to C$90.00 at Canadian Imperial Bank of Commerce

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective increased by equities research analysts at Canadian Imperial Bank of Commerce from C$80.00 to C$90.00 in a report released on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target points to a potential upside of 26.33% from the company’s current price.

AGI has been the topic of a number of other research reports. TD Securities upped their target price on Alamos Gold from C$55.00 to C$66.00 in a research report on Thursday, January 22nd. Desjardins upped their target price on Alamos Gold from C$70.00 to C$80.00 and gave the company a “buy” rating in a report on Tuesday. Haywood Securities decreased their target price on shares of Alamos Gold from C$77.50 to C$71.50 in a report on Friday, February 6th. Stifel Nicolaus upped their price objective on Alamos Gold from C$65.00 to C$80.00 in a report on Tuesday, February 10th. Finally, National Bank Financial raised their target price on Alamos Gold from C$68.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$70.67.

Alamos Gold Price Performance

Shares of Alamos Gold stock traded up C$2.84 during trading hours on Thursday, hitting C$71.24. The company’s stock had a trading volume of 572,868 shares, compared to its average volume of 1,101,424. Alamos Gold has a 12-month low of C$31.83 and a 12-month high of C$71.41. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62. The business has a 50 day moving average price of C$57.39 and a two-hundred day moving average price of C$49.67. The company has a market cap of C$29.91 billion, a PE ratio of 33.92, a PEG ratio of -2.10 and a beta of 0.85.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its earnings results on Wednesday, February 18th. The company reported C$0.74 earnings per share for the quarter. The business had revenue of C$765.13 million for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 7.84%. Analysts expect that Alamos Gold will post 1.4774775 earnings per share for the current fiscal year.

About Alamos Gold

Alamos is a Canadian-based intermediate gold producer with diversified production from three operations in North America. This includes the Island Gold District and Young-Davidson mine in northern Ontario, Canada, and the Mulatos District in Sonora State, Mexico. Additionally, the Company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development.