Alamos Gold (TSE:AGI) Hits New 52-Week High - What's Next?

Alamos Gold Inc. (TSE:AGI) reached new heights, hitting a 52-week high during trading hours on Wednesday. The stock traded at a peak of C$35.16 and ended the day at C$34.94, showcasing significant activity with a volume of 477,527 shares traded. This marks an increase from the previous close of C$34.55.

Analyst Ratings Changes

Several analysts have recently shared their insights regarding Alamos Gold. The National Bankshares upgraded its rating on AGI shares from 'sector perform' to 'outperform' with a target price of C$35.00 as per a report on December 3rd. Additionally, TD Securities bumped their price target from C$35.00 to C$37.00 while maintaining a 'buy' rating on February 28th. National Bank Financial also lifted their rating from 'hold' to 'strong-buy.' Furthermore, CIBC revised their price target for Alamos Gold from C$44.00 to C$46.00, and Canaccord Genuity increased theirs from C$35.00 to C$39.00 with a 'buy' recommendation on February 27th.

Currently, six analysts consider the stock a 'buy,' and two rate it as a 'strong buy.' MarketBeat.com data indicates that Alamos Gold has an average rating of 'Buy' with a consensus price target of C$33.41.

Alamos Gold Stock Up 2.2 %

The company has achieved a market capitalization of C$10.44 billion. Its current price-to-earnings ratio stands at 42.04, with a PEG ratio of -2.10 and a beta of 1.10. Analyzing its technical performance, the 50-day moving average is C$30.75, while the 200-day moving average is C$28.23. In terms of liquidity, Alamos Gold possesses a quick ratio of 1.06 and a current ratio of 1.62, alongside a debt-to-equity ratio of 8.48.

Insider Transactions at Alamos Gold

In related company news, Director David Alexander Fleck purchased 2,000 shares of Alamos Gold on December 18th. The shares were acquired at an average price of C$26.85 each, totaling an investment of C$53,700. Currently, insiders hold approximately 0.27% of the company's stock.

About Alamos Gold

Alamos Gold Inc. focuses on acquiring, exploring, and producing gold and other precious metals. Operations are concentrated primarily in Canada and Mexico, with three active mines: the Young-Davidson Mine in Canada and Mulatos and El Chanate Mines in Sonora, Mexico. The Young-Davidson mine is the largest revenue generator for the company and encompasses around 11,000 acres of mineral leases and claims.

Should You Invest $1,000 in Alamos Gold Right Now?

Before considering an investment in Alamos Gold, potential investors should be aware of insights from leading analysts. While the stock holds a 'Buy' rating from analysts, some top-rated experts believe there are five other stocks that might present better investment opportunities currently.

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