Alamos Gold Inc (AGI) to Post FY2019 Earnings of $0.15 Per Share, Raymond James Forecasts
Alamos Gold Inc (NYSE:AGI) (TSE:AGI) – Research analysts at Raymond James issued their FY2019 earnings estimates for Alamos Gold in a research report issued to clients and investors on Monday, April 8th. Raymond James analyst P. Russo anticipates that the basic materials company will post earnings per share of $0.15 for the year. Raymond James has a “Market Perform” rating and a $4.84 price objective on the stock.
AGI has been the topic of several other reports. TheStreet cut shares of Alamos Gold from a “c-” rating to a “d+” rating in a report on Monday, March 4th. Royal Bank of Canada cut their price target on shares of Alamos Gold from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Wednesday, January 23rd. Zacks Investment Research upgraded shares of Alamos Gold from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 9th. ValuEngine upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, CIBC restated an “average” rating and set a $8.25 price target on shares of Alamos Gold in a report on Monday, January 21st. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $6.52.
Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, February 20th. The basic materials company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Alamos Gold had a negative net margin of 11.14% and a positive return on equity of 0.74%. The business had revenue of $163.10 million for the quarter, compared to analysts’ expectations of $163.25 million. The firm’s revenue for the quarter was up .9% on a year-over-year basis.
The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, March 14th. Alamos Gold’s dividend payout ratio (DPR) is presently 80.00%.
A number of institutional investors have recently added to or reduced their stakes in AGI. Neuberger Berman Group LLC purchased a new position in Alamos Gold in the third quarter valued at about $57,000. Insight Wealth Strategies LLC purchased a new position in Alamos Gold in the fourth quarter valued at about $45,000. SNS Financial Group LLC purchased a new position in Alamos Gold in the fourth quarter valued at about $47,000. Squarepoint Ops LLC purchased a new position in Alamos Gold in the fourth quarter valued at about $57,000. Finally, Bbva Compass Bancshares Inc. boosted its stake in Alamos Gold by 79.7% in the fourth quarter. Bbva Compass Bancshares Inc. now owns 38,786 shares of the basic materials company’s stock valued at $139,000 after acquiring an additional 17,205 shares during the last quarter. Institutional investors and hedge funds own 59.83% 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's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.
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