Alamos Gold (TSE:AGI) Price Target Lowered to C$27.00 at National Bankshares

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price lowered by investment analysts at National Bankshares from C$27.50 to C$27.00 in a research note issued to investors on Friday, BayStreet.CA reports. National Bankshares’ target price indicates a potential upside of 28.63% from the stock’s current price.

A number of other brokerages have also recently commented on AGI. Bank of America upgraded shares of Alamos Gold from a “neutral” rating to a “buy” rating and boosted their target price for the company from C$21.75 to C$27.75 in a report on Tuesday, April 9th. Jefferies Financial Group set a C$14.00 target price on shares of Alamos Gold and gave the company a “buy” rating in a report on Thursday, February 29th. Haywood Securities upped their price target on shares of Alamos Gold from C$20.00 to C$22.50 in a research note on Monday, April 1st. BMO Capital Markets upped their price target on shares of Alamos Gold from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Finally, National Bank Financial reiterated an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Alamos Gold currently has a consensus rating of “Moderate Buy” and an average target price of C$22.10.

Alamos Gold Trading Up 1.2 %

TSE:AGI traded up C$0.24 during trading hours on Friday, hitting C$20.99. The company had a trading volume of 279,823 shares, compared to its average volume of 622,852. The company has a market capitalization of C$8.33 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of -2.10 and a beta of 0.97. The stock has a 50-day moving average price of C$18.16 and a 200 day moving average price of C$17.74. Alamos Gold has a 52 week low of C$14.80 and a 52 week high of C$22.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 1.06.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings results on Wednesday, February 21st. The company reported C$0.16 earnings per share for the quarter, meeting the consensus estimate of C$0.16. The business had revenue of C$346.65 million for the quarter. Alamos Gold had a net margin of 20.52% and a return on equity of 7.44%. On average, equities research analysts predict that Alamos Gold will post 0.7762158 EPS for the current fiscal year.

Insider Transactions at Alamos Gold

In other news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$18.66, for a total value of C$559,737.00. Company insiders own 0.29% of the company’s stock.

About Alamos Gold

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.