Alamos Gold (TSE:AGI) Sets New 1-Year Low – Here’s What Happened

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) shares hit a new 52-week low during trading on Friday. The company traded as low as C$37.95 and last traded at C$37.98, with a volume of 227,925 shares changing hands. The stock had previously closed at C$40.26.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AGI shares. National Bank Financial increased their price target on Alamos Gold from C$76.00 to C$81.00 and gave the company an “outperform” rating in a research note on Monday, September 21st. Canadian Imperial Bank of Commerce dropped their price target on shares of Alamos Gold from C$82.00 to C$75.00 in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$76.67.

Alamos Gold Trading Down 4.7%

The company has a quick ratio of 1.05, a current ratio of 1.72 and a debt-to-equity ratio of 4.57. The firm’s fifty day moving average is C$47.78 and its two-hundred day moving average is C$53.02. The firm has a market cap of C$16.06 billion, a P/E ratio of 13.75, a PEG ratio of -2.10 and a beta of 2.07.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings results on Wednesday, October 28th. The company reported C$0.63 earnings per share for the quarter. Alamos Gold had a net margin of 46.82% and a return on equity of 22.60%. The company had revenue of C$726.62 million during the quarter. Analysts predict that Alamos Gold Inc. will post 1.48 earnings per share for the current fiscal year.

Alamos Gold Company Profile

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.