Alamos Gold (NYSE:AGI) Posts Quarterly Earnings Results, Hits Estimates

Alamos Gold (NYSE:AGI) (TSE:AGI) released its quarterly earnings data on Thursday. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13, Yahoo Finance reports. The business had revenue of $277.60 million during the quarter, compared to analysts’ expectations of $271.15 million. Alamos Gold had a return on equity of 7.43% and a net margin of 19.41%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 EPS.

Alamos Gold Stock Up 2.1 %

AGI traded up $0.32 on Friday, hitting $15.30. 2,257,850 shares of the company traded hands, compared to its average volume of 2,951,579. The company has a 50 day moving average of $13.79 and a 200-day moving average of $13.25. The stock has a market capitalization of $6.09 billion, a PE ratio of 29.42, a PEG ratio of 3.73 and a beta of 1.15. Alamos Gold has a 12-month low of $10.78 and a 12-month high of $16.01.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.65%. The ex-dividend date was Wednesday, March 13th. Alamos Gold’s dividend payout ratio is presently 19.23%.

Analyst Upgrades and Downgrades

AGI has been the subject of several analyst reports. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a research report on Monday, April 8th. StockNews.com raised Alamos Gold from a “hold” rating to a “buy” rating in a research report on Sunday, April 14th. Jefferies Financial Group upped their price objective on Alamos Gold from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Bank of America raised Alamos Gold from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $21.75 to $27.25 in a research report on Tuesday, April 9th. Finally, Royal Bank of Canada boosted their target price on Alamos Gold from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Alamos Gold currently has an average rating of “Moderate Buy” and an average price target of $18.15.

Alamos Gold Company Profile

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.