Alamos Gold (NYSE:AGI) Announces Earnings Results

Alamos Gold (NYSE:AGI) (TSE:AGI) issued its earnings results on Wednesday. The basic materials company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13, Yahoo Finance reports. Alamos Gold had a return on equity of 7.43% and a net margin of 19.41%. The business had revenue of $277.60 million during the quarter, compared to analyst estimates of $271.15 million. During the same quarter in the previous year, the firm earned $0.12 EPS. Alamos Gold’s revenue was up 10.4% on a year-over-year basis.

Alamos Gold Stock Performance

Alamos Gold stock opened at $14.97 on Friday. The stock has a 50-day moving average of $13.72 and a two-hundred day moving average of $13.22. Alamos Gold has a one year low of $10.78 and a one year high of $16.01. The stock has a market cap of $5.96 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 3.79 and a beta of 1.15.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s payout ratio is 19.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AGI shares. Jefferies Financial Group boosted their price target on Alamos Gold from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Monday. Bank of America upgraded Alamos Gold from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $21.75 to $27.25 in a research note on Tuesday, April 9th. National Bank Financial reiterated an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th. StockNews.com raised Alamos Gold from a “hold” rating to a “buy” rating in a report on Sunday, April 14th. Finally, Royal Bank of Canada boosted their price target on Alamos Gold from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.15.

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.