Alamos Gold (AGI) to Release Earnings on Wednesday

Alamos Gold (NYSE:AGI) (TSE:AGI) will announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The company had revenue of $332.60 million during the quarter, compared to the consensus estimate of $282.78 million. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. Alamos Gold’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 earnings per share. On average, analysts expect Alamos Gold to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Alamos Gold Trading Up 2.7 %

Shares of Alamos Gold stock opened at $21.05 on Wednesday. The stock has a market capitalization of $8.40 billion, a price-to-earnings ratio of 40.48, a PEG ratio of 0.86 and a beta of 1.18. Alamos Gold has a twelve month low of $11.24 and a twelve month high of $21.45. The business’s 50 day simple moving average is $19.85 and its 200-day simple moving average is $17.59.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.48%. The ex-dividend date was Thursday, September 12th. Alamos Gold’s dividend payout ratio is presently 19.23%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Royal Bank of Canada upped their price target on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. National Bank Financial cut shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Jefferies Financial Group increased their price objective on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, Scotiabank lifted their target price on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Alamos Gold currently has an average rating of “Moderate Buy” and a consensus target price of $25.06.

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.