Alamos Gold Inc. (NYSE:AGI – Get Free Report) (TSE:AGI) has earned an average rating of “Buy” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $50.6667.
A number of research analysts have issued reports on the company. Weiss Ratings cut Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Wall Street Zen cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Scotiabank lifted their price objective on Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research note on Friday, February 6th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th.
Get Our Latest Stock Analysis on AGI
Institutional Inflows and Outflows
Alamos Gold Stock Down 4.4%
Shares of NYSE:AGI opened at $38.48 on Thursday. The stock has a fifty day simple moving average of $43.25 and a two-hundred day simple moving average of $41.80. The stock has a market capitalization of $16.16 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 0.52 and a beta of 0.50. Alamos Gold has a 12-month low of $23.92 and a 12-month high of $55.41. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05.
Alamos Gold (NYSE:AGI – Get Free Report) (TSE:AGI) last announced its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $596.70 million during the quarter, compared to analysts’ expectations of $612.35 million. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The firm’s quarterly revenue was up 79.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 earnings per share. On average, research analysts anticipate that Alamos Gold will post 2.46 earnings per share for the current fiscal year.
Alamos Gold Company Profile
Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.
Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.
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