Canadian Imperial Bank of Commerce Cuts Alamos Gold (TSE:AGI) Price Target to C$75.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price cut by Canadian Imperial Bank of Commerce from C$82.00 to C$75.00 in a research note released on Thursday morning,BayStreet.CA reports.

Other equities analysts have also issued research reports about the company. Canaccord Genuity Group lifted their price target on Alamos Gold from C$72.00 to C$80.00 in a research report on Wednesday, April 8th. TD increased their price objective on shares of Alamos Gold from C$70.00 to C$78.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Finally, National Bank Financial reduced their price objective on shares of Alamos Gold from C$88.00 to C$87.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$74.70.

Alamos Gold Stock Down 2.0%

AGI stock opened at C$38.96 on Thursday. The business has a 50 day moving average of C$46.02 and a 200 day moving average of C$55.60. The firm has a market cap of C$16.36 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of -2.10 and a beta of 1.89. Alamos Gold has a twelve month low of C$33.11 and a twelve month high of C$75.78. The company has a quick ratio of 1.05, a current ratio of 1.78 and a debt-to-equity ratio of 4.50.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its earnings results on Wednesday, July 29th. The company reported C$0.84 EPS for the quarter. Alamos Gold had a return on equity of 26.10% and a net margin of 52.85%.The business had revenue of C$844.09 million for the quarter. On average, research analysts forecast that Alamos Gold will post 1.4774775 EPS 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.