Alamos Gold (TSE:AGI) Hits New 1-Year High – Still a Buy?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$29.98 and last traded at C$29.92, with a volume of 68227 shares changing hands. The stock had previously closed at C$29.48.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AGI shares. CIBC raised their target price on Alamos Gold from C$38.00 to C$40.00 in a report on Monday, December 2nd. 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 report on Tuesday, December 3rd. Finally, National Bank Financial upgraded Alamos Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Alamos Gold has an average rating of “Buy” and a consensus target price of C$28.78.

Alamos Gold Stock Performance

The firm has a 50 day moving average of C$27.26 and a two-hundred day moving average of C$26.38. The stock has a market cap of C$12.36 billion, a PE ratio of 43.32, a PEG ratio of -2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.04 and a quick ratio of 1.06.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share for the quarter, missing the consensus estimate of C$0.30 by C($0.04). The business had revenue of C$492.35 million for the quarter. Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. Research analysts predict that Alamos Gold Inc. will post 1.4774775 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director David Alexander Fleck purchased 2,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average price of C$26.85 per share, with a total value of C$53,700.00. 0.27% of the stock is currently owned by corporate 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.