CIBC Forecasts Strong Price Appreciation for Alamos Gold (TSE:AGI) Stock

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price raised by analysts at CIBC from C$38.00 to C$40.00 in a research note issued to investors on Monday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 53.49% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets increased their price target on shares of Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. National Bankshares upped their price objective on shares of Alamos Gold from C$28.00 to C$30.00 and gave the stock a “hold” rating in a report on Monday, September 16th. Finally, National Bank Financial lowered shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Alamos Gold currently has a consensus rating of “Moderate Buy” and an average target price of C$26.00.

Alamos Gold Trading Down 2.1 %

Shares of Alamos Gold stock traded down C$0.55 during trading on Monday, reaching C$26.06. The company’s stock had a trading volume of 184,196 shares, compared to its average volume of 710,996. Alamos Gold has a 52-week low of C$15.27 and a 52-week high of C$29.66. The company has a market cap of C$10.94 billion, a price-to-earnings ratio of 38.32, a PEG ratio of -2.10 and a beta of 1.10. The firm’s 50-day moving average is C$27.13 and its two-hundred day moving average is C$24.76. The company has a quick ratio of 1.06, a current ratio of 3.04 and a debt-to-equity ratio of 0.04.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share for the quarter, missing the consensus estimate of C$0.30 by C($0.04). The firm had revenue of C$492.35 million for the quarter. Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. On average, sell-side analysts anticipate that Alamos Gold will post 1.4774775 earnings per share for the current year.

Insider Buying and Selling

In related news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$28.66, for a total value of C$45,569.40. Following the transaction, the insider now owns 374 shares of the company’s stock, valued at approximately C$10,718.84. This trade represents a 80.96 % decrease in their ownership of the stock. Also, Senior Officer John Michael Fitzgerald sold 20,456 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$27.73, for a total transaction of C$567,150.78. 0.27% of the stock is owned by company insiders.

Alamos Gold Company Profile

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.