FY2016 EPS Estimates for Alamos Gold Inc Decreased by National Bank Financial (AGI)
Alamos Gold Inc (TSE:AGI) – Stock analysts at National Bank Financial lowered their FY2016 earnings per share estimates for shares of Alamos Gold in a research note issued to investors on Wednesday. National Bank Financial analyst A. Melnyk now forecasts that the firm will post earnings of ($0.03) per share for the year, down from their prior forecast of $0.03. National Bank Financial has a “Outperform” rating on the stock. National Bank Financial also issued estimates for Alamos Gold’s FY2017 earnings at $0.24 EPS.
Other equities research analysts have also issued research reports about the company. Canaccord Genuity lowered their target price on Alamos Gold from C$14.00 to C$9.50 in a research note on Tuesday, July 12th. TD Securities upped 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. Desjardins lowered Alamos Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Mackie upped 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. Finally, CIBC upped their price target on Alamos Gold from C$6.00 to C$7.00 in a research report on Friday, June 24th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$9.54.
Alamos Gold (TSE:AGI) opened at 9.80 on Monday. The company’s market cap is $2.62 billion. The stock has a 50 day moving average price of $10.38 and a 200-day moving average price of $9.98. Alamos Gold has a 12-month low of $3.27 and a 12-month high of $13.65.
The business also recently declared a dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 31st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a dividend yield of 0.09%.
Alamos Gold Company Profile
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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