Alamos Gold (AGI) Set to Announce Earnings on Wednesday

Alamos Gold (NYSE:AGI) (TSE:AGI) is set to release its earnings data after the market closes on Wednesday, July 31st. Analysts expect Alamos Gold to post earnings of $0.22 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Alamos Gold Trading Up 2.2 %

Shares of NYSE AGI opened at $16.88 on Tuesday. The firm’s 50-day moving average price is $16.45 and its 200-day moving average price is $14.64. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 32.45, a P/E/G ratio of 0.78 and a beta of 1.16. Alamos Gold has a 12-month low of $10.78 and a 12-month high of $17.91.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Thursday, June 13th. Alamos Gold’s dividend payout ratio is 19.23%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AGI. Jefferies Financial Group upped their target price on shares of Alamos Gold from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Scotiabank increased their price objective on shares of Alamos Gold from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. National Bank Financial reissued an “outperform overweight” rating on shares of Alamos Gold in a research report on Monday, April 8th. Royal Bank of Canada increased their price objective on shares of Alamos Gold from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. Finally, StockNews.com raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $19.75.

About Alamos Gold

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.