TD Securities Increases Alamos Gold (TSE:AGI) Price Target to C$66.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price lifted by stock analysts at TD Securities from C$55.00 to C$66.00 in a research report issued on Thursday,BayStreet.CA reports. TD Securities’ target price points to a potential upside of 13.15% from the stock’s current price.

Several other equities research analysts have also issued reports on AGI. Stifel Nicolaus raised their target price on Alamos Gold from C$48.00 to C$65.00 in a research report on Monday, October 20th. Bank of America increased their price target on shares of Alamos Gold from C$55.00 to C$60.00 in a research report on Thursday, October 16th. National Bankshares lifted their price objective on shares of Alamos Gold from C$68.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Desjardins set a C$64.00 target price on shares of Alamos Gold and gave the company a “buy” rating in a research note on Friday, November 28th. Finally, CIBC increased their target price on shares of Alamos Gold from C$55.00 to C$74.00 in a research report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat.com, Alamos Gold has a consensus rating of “Buy” and an average target price of C$62.38.

Alamos Gold Stock Performance

Shares of Alamos Gold stock traded up C$2.78 during mid-day trading on Thursday, hitting C$58.33. 450,723 shares of the stock were exchanged, compared to its average volume of 893,560. Alamos Gold has a 12 month low of C$28.35 and a 12 month high of C$60.86. The company has a 50-day simple moving average of C$52.59 and a 200 day simple moving average of C$45.50. The company has a market capitalization of C$24.49 billion, a P/E ratio of 45.57, a P/E/G ratio of -2.10 and a beta of 0.90. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its earnings results on Wednesday, October 29th. The company reported C$0.65 earnings per share (EPS) for the quarter. The company had revenue of C$643.72 million during the quarter. Alamos Gold had a return on equity of 7.84% and a net margin of 19.89%. Sell-side analysts anticipate that Alamos Gold will post 1.4774775 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.