Canaccord Genuity Group Increases Alamos Gold (TSE:AGI) Price Target to C$39.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target lifted by Canaccord Genuity Group from C$35.00 to C$39.00 in a research report released on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other analysts have also commented on the company. CIBC lifted their price objective on Alamos Gold from C$44.00 to C$46.00 in a report on Friday, February 21st. National Bank Financial upgraded Alamos Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, National Bankshares raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and set a C$35.00 price target for the company in a research report on Tuesday, December 3rd. Seven equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$30.58.

Alamos Gold Trading Down 3.2 %

TSE:AGI opened at C$32.69 on Thursday. The company has a market cap of C$9.67 billion, a PE ratio of 38.92, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48. The company has a 50 day simple moving average of C$29.41 and a two-hundred day simple moving average of C$27.62. Alamos Gold has a 12 month low of C$15.43 and a 12 month high of C$34.42.

Insider Activity at Alamos Gold

In other news, Director David Alexander Fleck bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was 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.

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.