Analysts Anticipate Alamos Gold Inc. (AGI) Will Post Earnings of $0.04 Per Share
Equities analysts expect that Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) will post earnings of $0.04 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Alamos Gold’s earnings. Alamos Gold reported earnings per share of $0.02 in the same quarter last year, which would suggest a positive year over year growth rate of 100%. The firm is scheduled to issue its next earnings report on Thursday, November 9th.
According to Zacks, analysts expect that Alamos Gold will report full-year earnings of $0.10 per share for the current fiscal year, with EPS estimates ranging from $0.02 to $0.14. For the next year, analysts anticipate that the company will report earnings of $0.20 per share, with EPS estimates ranging from $0.12 to $0.29. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Alamos Gold.
Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Thursday, August 3rd. The basic materials company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. Alamos Gold had a positive return on equity of 0.44% and a negative net margin of 2.61%. The company had revenue of $131.30 million for the quarter, compared to analyst estimates of $125.71 million. During the same period in the prior year, the firm posted ($0.01) EPS. The business’s revenue was up 9.3% compared to the same quarter last year.
A number of brokerages have recently commented on AGI. BidaskClub upgraded Alamos Gold from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Royal Bank Of Canada restated a “hold” rating and issued a $9.00 price target on shares of Alamos Gold in a report on Wednesday, May 24th. ValuEngine lowered Alamos Gold from a “hold” rating to a “sell” rating in a report on Monday. Zacks Investment Research upgraded Alamos Gold from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, National Bank Financial restated an “outperform market weight” rating on shares of Alamos Gold in a report on Sunday, July 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $10.31.
Shares of Alamos Gold (AGI) traded up 1.41% on Friday, reaching $7.20. The company’s stock had a trading volume of 2,807,760 shares. The stock’s market cap is $2.16 billion. The company’s 50 day moving average is $7.72 and its 200-day moving average is $7.32. Alamos Gold has a 1-year low of $5.95 and a 1-year high of $9.00.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGI. SG Americas Securities LLC bought a new stake in Alamos Gold during the second quarter worth about $106,000. Comerica Bank raised its holdings in Alamos Gold by 1.6% during the first quarter. Comerica Bank now owns 15,265 shares of the basic materials company’s stock worth $108,000 after acquiring an additional 234 shares in the last quarter. World Asset Management Inc raised its holdings in Alamos Gold by 0.4% during the first quarter. World Asset Management Inc now owns 16,354 shares of the basic materials company’s stock worth $131,000 after acquiring an additional 58 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Alamos Gold by 3.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 20,070 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 717 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. raised its holdings in Alamos Gold by 27.2% during the first quarter. Bbva Compass Bancshares Inc. now owns 19,128 shares of the basic materials company’s stock worth $154,000 after acquiring an additional 4,090 shares in the last quarter. Institutional investors and hedge funds own 63.27% of the company’s stock.
Alamos Gold Company Profile
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.
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