Research Analysts Set Expectations for Alamos Gold Inc’s Q3 2016 Earnings (AGI)
Alamos Gold Inc (TSE:AGI) – Stock analysts at National Bank Financial issued their Q3 2016 earnings per share (EPS) estimates for shares of Alamos Gold in a research note issued on Wednesday. National Bank Financial analyst A. Melnyk anticipates that the brokerage will post earnings per share of $0.04 for the quarter. National Bank Financial currently has a “Outperform” rating on the stock.
A number of other analysts also recently issued reports on the company. Canaccord Genuity dropped their price target on Alamos Gold from C$14.00 to C$9.50 in a research report on Tuesday, July 12th. CIBC lifted their price target on Alamos Gold from C$6.00 to C$7.00 in a research report on Friday, June 24th. Mackie lifted their price target on Alamos Gold from C$11.25 to C$11.50 and gave the company a “hold” rating in a research report on Wednesday, September 21st. TD Securities lifted their price target on Alamos Gold from C$10.00 to C$11.50 and gave the company a “hold” rating in a research report on Thursday, August 11th. Finally, Desjardins restated a “buy” rating on shares of Alamos Gold in a research report on Thursday, August 11th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$9.54.
Alamos Gold (TSE:AGI) opened at 9.80 on Friday. The firm’s 50 day moving average price is $10.38 and its 200-day moving average price is $9.98. Alamos Gold has a 12-month low of $3.27 and a 12-month high of $13.65. The company’s market capitalization is $2.62 billion.
The firm also recently announced a dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 31st will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, October 12th. This represents a dividend yield of 0.09%.
About Alamos Gold
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company is engaged in the acquisition, exploration, development and extraction of precious metals. It is engaged in the exploration and development activities in Mexico, Turkey and the United States. It owns and operates the Mulatos mine in Mexico and holds the mineral rights to the Salamandra group of concessions in the State of Sonora, Mexico, which includes several satellite gold occurrences.
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