Alamos Gold (TSE:AGI) Stock Passes Above 200-Day Moving Average – Should You Sell?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$52.78 and traded as high as C$64.46. Alamos Gold shares last traded at C$62.56, with a volume of 540,402 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AGI. National Bank Financial lifted their target price on shares of Alamos Gold from C$68.00 to C$75.00 and gave the company an “outperform” rating in a research report on Wednesday, January 14th. Desjardins boosted their price objective on shares of Alamos Gold from C$70.00 to C$80.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Haywood Securities reduced their price target on shares of Alamos Gold from C$77.50 to C$71.50 in a report on Friday, February 6th. Canadian Imperial Bank of Commerce boosted their target price on Alamos Gold from C$80.00 to C$90.00 in a research note on Thursday, February 26th. Finally, TD Securities increased their price target on Alamos Gold from C$55.00 to C$66.00 in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat, Alamos Gold presently has an average rating of “Buy” and an average target price of C$70.67.

Alamos Gold Price Performance

The company has a quick ratio of 1.06, a current ratio of 1.72 and a debt-to-equity ratio of 5.27. The business’s 50 day moving average is C$61.44 and its two-hundred day moving average is C$52.81. The firm has a market cap of C$22.80 billion, a P/E ratio of 25.86, a P/E/G ratio of -2.10 and a beta of 1.55.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings data on Wednesday, February 18th. The company reported C$0.74 earnings per share for the quarter. The firm had revenue of C$765.13 million for the quarter. Alamos Gold had a net margin of 49.07% and a return on equity of 22.48%. As a group, analysts anticipate that Alamos Gold Inc. will post 1.4774775 earnings per share for the current 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.