Alamos Gold Inc (AGI) Expected to Announce Earnings of $0.02 Per Share
Brokerages expect Alamos Gold Inc (NYSE:AGI) (TSE:AGI) to announce earnings of $0.02 per share for the current quarter, according to Zacks. Zero analysts have provided estimates for Alamos Gold’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.03. Alamos Gold reported earnings of $0.04 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 50%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 28th.
According to Zacks, analysts expect that Alamos Gold will report full year earnings of $0.06 per share for the current year, with EPS estimates ranging from $0.04 to $0.08. For the next fiscal year, analysts expect that the firm will post earnings of $0.12 per share, with EPS estimates ranging from $0.09 to $0.18. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Alamos Gold.
Several brokerages have recently commented on AGI. Zacks Investment Research raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. ValuEngine cut shares of Alamos Gold from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 4th. Raymond James reaffirmed a “buy” rating on shares of Alamos Gold in a research report on Friday, November 2nd. Finally, CSFB reaffirmed an “outperform” rating and set a $7.50 price target on shares of Alamos Gold in a research report on Friday, September 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.65.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board acquired a new stake in Alamos Gold during the third quarter worth about $200,000. Tower Research Capital LLC TRC raised its stake in Alamos Gold by 221.9% during the second quarter. Tower Research Capital LLC TRC now owns 52,534 shares of the basic materials company’s stock worth $299,000 after acquiring an additional 36,216 shares during the period. Fore Capital LLC acquired a new stake in Alamos Gold during the third quarter worth about $323,000. PNC Financial Services Group Inc. acquired a new stake in Alamos Gold during the third quarter worth about $341,000. Finally, SG Americas Securities LLC acquired a new stake in Alamos Gold during the third quarter worth about $368,000. Hedge funds and other institutional investors own 58.61% of the company’s stock.
Alamos Gold Company Profile
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.
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