National Bank Financial Comments on Alamos Gold Inc.’s Q3 2017 Earnings (AGI)
Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) – National Bank Financial issued their Q3 2017 earnings per share (EPS) estimates for Alamos Gold in a research report issued to clients and investors on Tuesday. National Bank Financial analyst M. Parkin expects that the basic materials company will post earnings per share of $0.01 for the quarter. National Bank Financial has a “Outperform Market Weight” rating on the stock. National Bank Financial also issued estimates for Alamos Gold’s FY2018 earnings at $0.13 EPS.
A number of other equities research analysts have also issued reports on the stock. ValuEngine lowered shares of Alamos Gold from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. Royal Bank Of Canada set a $9.00 target price on shares of Alamos Gold and gave the company a “hold” rating in a research note on Tuesday, June 27th. BidaskClub lowered shares of Alamos Gold from a “hold” rating to a “sell” rating in a research note on Friday, July 7th. Finally, Zacks Investment Research raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Alamos Gold currently has a consensus rating of “Hold” and an average price target of $10.67.
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Alamos Gold (NYSE AGI) opened at 7.11 on Thursday. The firm’s 50 day moving average price is $7.26 and its 200-day moving average price is $7.21. Alamos Gold has a 52 week low of $5.95 and a 52 week high of $9.00. The stock’s market cap is $2.14 billion.
Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company posted ($0.01) EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year.
Several hedge funds have recently added to or reduced their stakes in AGI. Franklin Resources Inc. lifted its stake in shares of Alamos Gold by 50.6% in the 2nd quarter. Franklin Resources Inc. now owns 38,805,105 shares of the basic materials company’s stock valued at $277,916,000 after purchasing an additional 13,039,324 shares during the last quarter. Fiera Capital Corp lifted its stake in shares of Alamos Gold by 220.7% in the 2nd quarter. Fiera Capital Corp now owns 4,827,103 shares of the basic materials company’s stock valued at $34,148,000 after purchasing an additional 3,321,741 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Alamos Gold by 451.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 2,964,338 shares of the basic materials company’s stock valued at $21,037,000 after purchasing an additional 2,427,238 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Alamos Gold by 251.6% in the 2nd quarter. Bank of Montreal Can now owns 2,211,008 shares of the basic materials company’s stock valued at $15,876,000 after purchasing an additional 1,582,135 shares during the last quarter. Finally, Alps Advisors Inc. lifted its stake in shares of Alamos Gold by 74.5% in the 2nd quarter. Alps Advisors Inc. now owns 2,742,097 shares of the basic materials company’s stock valued at $19,688,000 after purchasing an additional 1,170,633 shares during the last quarter. 63.26% of the stock is owned by institutional investors and hedge funds.
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 16th will be paid a $0.01 dividend. This represents a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, October 13th. Alamos Gold’s payout ratio is presently -39.99%.
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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