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

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

Alamos Gold Trading Up 2.1 %

Shares of AGI stock traded up $0.32 during mid-day trading on Friday, reaching $15.30. The stock had a trading volume of 2,257,850 shares, compared to its average volume of 2,951,579. The business’s fifty day moving average is $13.79 and its 200-day moving average is $13.25. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 3.73 and a beta of 1.15. Alamos Gold has a 1-year low of $10.78 and a 1-year high of $16.01.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend 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

Several research analysts recently issued reports on the company. Bank of America raised Alamos Gold from a “neutral” rating to a “buy” rating and upped their target price for the company from $21.75 to $27.25 in a research report on Tuesday, April 9th. 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 target price on Alamos Gold from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a research report on Monday, April 8th. Finally, Royal Bank of Canada upped their target price on Alamos Gold from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.15.

About Alamos Gold

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.